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Schemes

PMVBRY Scheme

Innovative Social Security in India

To achieve the vision of Viksit Bharat@2047, the Government of India in the Budget 2024 – 2025 announced the Scheme of ‘Employment Linked Incentives’ as a part of the “Prime Minister’s Package for Employment and Skilling”. The scheme focuses on generating employment, enhancing employability and promoting formalization of the workforce. The scheme consists of two parts; part A incentivizes the youth entering the workforce for the first time and part B incentivizes the employers for generating & sustaining employment.

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Who It Covers?
First-time employees with monthly gross salary ≤ ₹1,00,000.
Employees of EPFO-registered and exempted establishments.
Age group: 18–54 years (implied by EPFO norms).
Must be an Indian resident with Aadhaar-linked bank account.
Includes both new joiners and re-joiners; excludes employers.
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Benefits of the ELI Scheme
One-month wage incentive (up to ₹15,000) for first-time employees.
Direct Benefit Transfer (DBT) to employee’s bank account.
Financial literacy training and habit of saving promotion.
Incentives for employers to create and sustain new jobs.
Social security coverage and improved employability.
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Key Features
Incentives for both employees and employers.
Two-part scheme: Part A (First-Timers), Part B (Employers).
Online registration and UAN-based authentication.
Financial literacy course via EPFO.
Scheme duration: 1st Aug 2025 to 31st July 2027.

More about PMVBRY Scheme

Employees must complete a Financial Literacy Course to receive the second instalment of the incentive. This promotes long-term financial awareness and savings habits among new emploees to the workforce.

Employers receive monthly incentives for each additional employee, ranging from ₹1,000 to ₹3,000 depending on wage levels. This encourages hiring across various salary bands and supports sustained employment.

All payments - whether to employees or employers - are made via DBT to Aadhaar or PAN-linked bank accounts. This ensures transparency, speed, and accountability in disbursement.

Employers must submit GST and PAN details, and employees must authenticate UAN via FAT (Face Authentication Technology). These compliance checks ensure only genuine beneficiaries avail the scheme.

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