PM Modi to Release Rs.2,400 Crore Under PMVBRY on June 19: Check Eligibility, Benefits and How to Apply

Prime Minister Narendra Modi is going to release a sum of nearly Rs. 2,400 crore in incentives under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) this Friday, June 19.

The amount will be disbursed under the Employment Linked Incentive (ELI) Scheme, which encourages companies to create new jobs while supporting young people entering the formal workforce. According to the government, the scheme has already helped create nearly 15 lakh jobs since its launch.

What Is PMVBRY & Benefits for First-Time Employees

The Pradhan Mantri Viksit Bharat Rozgar Yojana is designed to increase formal employment by giving incentives to both first-time employees and employers.

People joining the formal workforce for the first time can receive an incentive of up to Rs. 15,000, which will be credited directly to their Aadhaar-linked bank account in two installments.

To receive the second instalment, beneficiaries must complete a financial literacy programme within one year.

What Employers Get

Employers are also eligible for financial incentives under the scheme. Companies can receive up to Rs. 3,000 per month for every additional employee they hire, depending on the worker's salary. The incentive is transferred to the employer's PAN-linked bank account in installments after 6, 12, 18 and 24 months, provided the employee remains on the payroll.

The Centre has allocated more than Rs. 99,000 crore for PMVBRY, The government aims to generate over 3.5 crore jobs over two years, including around 1.92 crore first-time workers entering formal employment. The scheme covers eligible jobs created between August 2025 and July 2027.

How to Apply For Pradhan Mantri Viksit Bharat Rozgar Yojana

Employers must complete a one-time registration on the PMVBRY portal to participate in the scheme.PMVBRY is a two-part scheme (Part A for employees, Part B for employers) with separate registration processes for each stakeholder.

For Employers

Step 1:Obtain EPFO establishment code via the Shram Suvidha Portal if not already registered

Step 2: One-Time Registration on PMVBRY Portal
-Visit official portals: https://pmvbry.epfindia.gov.in or https://pmvbry.labour.gov.in
-Complete one-time registration as an EPFO employer
-Log in via the EPFO Employer Login portal

-Enter PAN-linked bank account details and GSTIN for incentive payments

Step 3: Hire first-time employees (not EPFO members before August 1, 2025) and File monthly ECR (Electronic Challan Return) returns. You also need to maintain additional workforce for at least 6 months (3rd-4th year for manufacturing sector)

How Employees Can Apply

To receive benefits under PMVBRY, employees must meet the following eligibility criteria:

Step 1: Generate a Universal Account Number (UAN), If you are already employed, your employer will generate the UAN. First-time employees can generate a UAN using Face Authentication Technology (FAT) through the UMANG mobile app.

Step 2: After the UAN is generated, log in to the EPFO Member Portal to verify your profile and check your eligibility under the scheme.

Step 3: Ensure you meet the eligibility conditions:

• Join an EPFO-registered organisation between August 1, 2025, and July 31, 2027.
• Earn a monthly gross salary of ₹1 lakh or less.
• Must not have been an EPFO member before August 1, 2025.
• Continue working with the same employer for at least six months.

Incentives Under PMVBRY

Eligible employees will receive an incentive equal to one month's salary, up to ₹15,000, in two instalments:

First instalment: After completing six months of continuous service.

Second instalment: After completing 12 months of service and successfully finishing the mandatory financial literacy programme.

Payment Method

Employees: Incentives will be credited directly to Aadhaar-linked bank accounts through the Direct Benefit Transfer (DBT) system using the Aadhaar-Based Payment System (ABPS).

Employers: Incentive payments will be transferred directly to their PAN-linked bank accounts.