Pradhan Mantri Viksit Bharat Rozgar Yojana: A Bold Leap for India’s Youth and Employers

India has set its sights on a future defined by opportunity and innovation, especially for its energetic youth and forward-thinking businesses. On August 15, 2025, Prime Minister Narendra Modi unveiled the Pradhan Mantri Viksit Bharat Rozgar Yojana—a game-changing employment initiative designed to create a staggering 3.5 crore jobs over two years. Let’s explore what this means for aspiring professionals and entrepreneurs alike

TRENDINGFINANCE

Neurotainment

8/15/20251 min read

What Is the Pradhan Mantri Viksit Bharat Rozgar Yojana?

This ambitious scheme is crafted to boost employment across the private sector while encouraging youth participation in the workforce. With a total budget of ₹99,446 crore, the government aims for the program to run from August 1, 2025, to July 31, 2027, positively impacting both job seekers and employers.

Dual Incentives: For Employees and Employers

The scheme stands out due to its dual-incentive structure:

For Youth: First-time job seekers earning up to ₹1 lakh per month are eligible for a direct incentive of ₹15,000. This benefit is disbursed in two installments—the first after six months of continuous employment, and the second after a full year, provided the individual completes a financial literacy course via the EPFO portal.
For Employers: Private companies hiring new employees benefit from a monthly incentive of up to ₹3,000 per person for two years. Manufacturing firms receive extended support for up to four years. The number of positions required to be eligible is tailored to company size—businesses with fewer than 50 employees must create at least two new jobs, while larger organizations must add five or more roles.

Focused on Youth Empowerment

Out of the 3.5 crore jobs envisioned, approximately 1.92 crore are reserved for first-time entrants to the workforce. This focus addresses a longstanding challenge in India—how to ensure that young graduates and job seekers have the support they need to start their careers.

Transparent and Efficient Implementation

The Ministry of Labour and Employment, through the Employees’ Provident Fund Organisation (EPFO), oversees the scheme’s rollout. Employee incentives are transferred directly to their accounts, while employer benefits are credited to PAN-linked bank accounts, making the process transparent and streamlined.

Aligning with a Developed India Vision

This initiative is more than a rebranded Employment Linked Incentive (ELI) scheme. It aligns with the government’s broader Viksit Bharat (Developed India) vision by promoting employment-led economic growth—with special emphasis on manufacturing but open to all sectors. It empowers youth, stimulates private sector expansion, and strengthens India’s path toward becoming a global economic powerhouse