PMVBRY Rollout: Rs 2,400 Cr benefits on June 19

Metro India News | AMARAVATI

The Government of India has launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), formerly known as the Employment Linked Incentive (ELI) Scheme, to promote employment generation, improve employability and expand social security coverage, with special focus on the manufacturing sector.

With an outlay of Rs 99,446 crore, the scheme aims to create more than 3.5 crore jobs over two years. Of these, nearly 1.92 crore beneficiaries are expected to be first-time entrants into the formal workforce. The benefits apply to jobs created between August 1, 2025 and July 31, 2027.

Under Part A, first-time employees registered with EPFO and earning up to Rs 1 lakh per month are eligible for an incentive equal to one month’s wage, up to Rs 15,000, paid in two instalments. The first instalment is released after six months of continuous service, while the second is paid after 12 months and completion of a financial literacy programme. A portion of the amount is retained in a savings instrument to encourage long-term savings.

Under Part B, employers receive incentives of up to Rs 3,000 per month per additional employee for two years, provided the employee remains in service for at least six months. Manufacturing sector employers receive these incentives for an additional two years. To qualify, EPFO-registered establishments must recruit at least two additional employees if they have fewer than 50 workers, or five additional employees if they have 50 or more.

To mark the implementation of the scheme, a national-level event will be held in the presence of the Prime Minister at Vigyan Bhawan, New Delhi, on June 19, 2026. During the event, benefits worth about Rs 2,400 crore will be disbursed to eligible beneficiaries.

Around 200 regional events will also be organised across major industrial and employment centres. Employers will ceremonially hand over appointment letters to newly recruited workers, highlighting the scheme’s role in promoting formal employment.

In the erstwhile Krishna district, the regional event will be held at Siddhartha Academy of Higher Education (VR Siddhartha Engineering College), Kanuru, Vijayawada, with participation from public representatives, district officials, EPFO authorities and industry stakeholders. The programme will commence at 4 pm on June 19.