Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY)
The Labour and Employment Minister emphasized the advantages of the ₹1 lakh crore employment-linked incentive scheme, PMVBRY.
Eligibility and Benefits
- Both employers and first-time employees are eligible under the scheme.
- First-time employees can register on the portal or upload their Universal Account Number (UAN) via the UMANG app.
- Part A: Offers a one-time incentive equivalent to an average one-month wage (basic + DA) capped at ₹15,000, given in two installments.
- Employers receive incentives based on salary slabs:
- ₹1,000 for salaries of ₹10,000 per month.
- ₹2,000 for salaries between ₹10,000 and ₹20,000.
- ₹3,000 for salaries exceeding ₹20,000 up to ₹1 lakh.
Special Focus and Conditions
- All sectors are included with a special focus on manufacturing.
- Conditions for Part B: Establishments with fewer than 50 employees must hire at least two additional employees and retain them for six months. Those with over 50 employees must hire five more employees.
- Exempted establishments under the EPF & MP Act, 1952, are eligible but must file electronic challan-cum-return and open UANs for all employees using the UMANG App.
