The Employees’ Provident Fund Organisation (EPFO) has officially launched the PMVBRY 2025 (Prime Minister’s Vishwakarma Benefit for Rozgar Yojana), a comprehensive employment incentive scheme aimed at boosting formal workforce participation and encouraging job creation across India.
Part A: Incentives for First-Time Employees
Under Part A of the scheme, first-time employees joining the EPFO system can receive a one-time wage incentive of up to ₹15,000. This incentive is calculated as one month’s Basic + DA and is released in two phases:
- First Instalment: After 6 months of continuous Electronic Challan-cum-Return (ECR) filing.
- Second Instalment: After 12 months of ECR filing and completion of a mandatory Financial Literacy Course.
Eligibility: The employee must be a first-timer with a monthly gross salary below ₹1,00,000. Registration for this incentive is open for two years from 1 August 2025 to 31 July 2027.
Part B: Incentives for Employers Creating Additional Jobs
Part B of PMVBRY 2025 focuses on supporting establishments that generate new employment opportunities. Employers can receive monthly incentives for each additional employee who earns up to ₹1 lakh per month.
Minimum New Hires Required:
- Small establishments (< 50 employees): At least 2 new employees.
- Large establishments (> 50 employees): At least 5 new employees.
Incentive Structure (Per Additional Employee):
- Wage below ₹10,000: Up to ₹1,000 per month (₹12,000 annually)
- ₹10,000–₹20,000: ₹2,000 per month (₹24,000 annually)
- ₹20,000–₹1,00,000: ₹3,000 per month (₹36,000 annually)
Duration:
- All sectors: 2 years
- Manufacturing sector: 4 years
Payments will be made directly to the establishment’s PAN-linked bank account via Direct Benefit Transfer (DBT).
Why PMVBRY 2025 Matters
The scheme is expected to significantly boost employment by:
- Encouraging formal job creation
- Providing financial support to employees entering the workforce
- Helping employers reduce hiring costs
- Improving long-term workforce stability, especially in manufacturing
Conclusion
The PMVBRY 2025 scheme marks a major step toward strengthening India’s employment landscape. With financial incentives for both employees and employers, EPFO aims to expand formal workforce participation and support long-term economic growth.
