If you’ve been worried about job opportunities for young people, there’s a major update you should know about. On the 79th Independence Day, Prime Minister Narendra Modi announced a new scheme—Pradhan Mantri Viksit Bharat Rozgar Yojana—designed to create millions of jobs and provide direct benefits to both first-time employees and employers.
With nearly ₹1 lakh crore earmarked for this plan, the government hopes to support the creation of over 3.5 crore jobs in just two years. Here’s a breakdown of what it means for you or someone you know.
Why This Matters for Job Seekers
The cost of living is high, competition is tough, and for many young people, the first job can set the tone for their career. This scheme aims to:
- Give first-time employees up to ₹15,000 in direct support.
- Encourage companies to hire more people by offering up to ₹3,000 per month per new hire.
- Boost employment in every sector, with special incentives for manufacturing jobs.
Part A – Support for First-Time Employees
If you’re starting your first job in the private sector and your salary is up to ₹1 lakh, you may qualify for:
- One month’s EPF wage (up to ₹15,000) given in two instalments.
- First instalment after 6 months of service.
- Second instalment after 12 months, plus completion of a financial literacy program.
- Part of the amount will go into a savings deposit, so you start your career with a habit of saving.
Estimated beneficiaries: 1.92 crore young workers.
Part B – Incentives for Employer
Employers hiring new staff with salaries up to ₹1 lakh will get:
- Up to ₹3,000 per month per new employee for two years.
- In manufacturing, this benefit will continue for the 3rd and 4th years.
- To qualify, companies must hire and retain a minimum number of new employees for at least six months.
Expected job creation: Around 2.6 crore positions.
How the Payments Will Be Made
- Employees: Money will be sent directly to your bank via Direct Benefit Transfer (DBT) using the Aadhaar Bridge Payment System.
- Employers: Funds will go into their PAN-linked accounts.
Pradhan Mantri Viksit Bharat Rozgar Yojana Who Can Apply and When?
- Jobs created between August 1, 2025, and July 31, 2027 will be covered.
- First-time private sector employees registered with EPFO are eligible for Part A benefits.
- EPFO-registered employers can apply for Part B incentives if they meet the hiring criteria.
Pradhan Mantri Viksit Bharat Rozgar Yojana The Bigger Picture
Beyond the financial support, the government sees this as a way to formalize more jobs, bring workers under social security coverage, and strengthen India’s manufacturing base.
This could be a game-changer for fresh graduates, skilled workers, and small businesses looking to expand. If implemented well, it won’t just create jobs—it will help young people start their careers with confidence and stability.
