PM Modi to distribute ₹2,400 crore under PM-VBRY; first-time workers eligible for ₹15,000 incentive

Prime Minister Narendra Modi will disburse incentives worth around ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on June 19.

The disbursal programme under the Centre's flagship employment-linked incentive scheme will be held at Vigyan Bhawan in New Delhi.

The scheme, which came into effect on August 1, 2025, is designed to promote employment generation, strengthen social security coverage and encourage participation in the formal economy by supporting both workers and employers.

The Scheme consists of two parts, with Part A focussed on first timers and Part B focussed on employers.

Under Part A, first-time employees are eligible for an incentive of up to ₹15,000 to support their entry into the workforce.

Employees with salaries up to ₹1 lakh are eligible to receive the incentive.

The first installment will be payable after six months of service and the second installment will be payable after 12 months of service and completion of a financial literacy programme by the employee.

A portion of the incentive will be kept in a savings instrument or deposit account for a fixed period and can be withdrawn by the employee at a later date.

Employers creating additional jobs can receive incentives of up to ₹3,000 per month for each additional employee with sustained employment for at least six months.

The government said employers in the manufacturing sector are eligible to receive incentives for four years, while employers in other sectors can avail the benefit for two years.

According to the statement, the scheme has already facilitated employment for around 15 lakh beneficiaries across the country.

With a total outlay of ₹99,446 crore, PM-VBRY aims to incentivise the creation of more than 3.5 crore jobs over a two-year period. Of these, about 1.92 crore are expected to be first-time entrants into the workforce.