Overview

• Modi launched the Pradhan Mantri Viksit Bharat Rozgar Yojana on August 15 with a ₹99,446 crore budget to spur formal private-sector hiring from August 1, 2025 to July 31, 2027, targeting over 3.5 crore jobs.
• Part A will grant first-time EPFO-registered employees up to ₹15,000 in two instalments tied to six- and 12-month retention and completion of a financial literacy programme, with part of the payout locked into savings.
• Part B will subsidise EPFO-registered employers up to ₹3,000 per month for each sustained additional hire over two years, extending to four years for manufacturing firms, provided they meet minimum net-hire thresholds.
• Disbursements will flow via direct benefit transfers to employees’ Aadhaar-seeded accounts and to employers’ PAN-linked accounts, contingent on UAN registration, monthly ECR filings and EPFO audits to curb misuse.
• Opposition leaders have dismissed the scheme as a rerun of past promises, while analysts warn that timely EPFO system upgrades, strict monitoring and robust grievance mechanisms are critical for success.