The PM Viksit Bharat Rojgar Yojana (PM-VBRY) has completed one year of implementation, during which more than 72 lakh first-time employees have joined the formal workforce. The scheme is implemented by the Ministry of Labour & Employment (MoL&E) through the Employees’ Provident Fund Organisation (EPFO).
The scheme, scheduled to run from August 2025 to July 2027, has a total financial outlay of ₹99,446 crore. It consists of two components: an employee-focused part that provides financial assistance to first-time formal workforce entrants, and an employer-focused part that offers incentives to establishments for generating additional employment.