News that fits you

Highlights

  • PMVBRY portal launched to create over 3.5 crore jobs
  • First-time employees receive incentives up to ₹15,000 in instalments
  • Employers get monthly incentives for hiring under employment-linked scheme

Latest news

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

Rory McIlroy Survives Cut at Dramatic Australian Open

Rory McIlroy Survives Cut at Dramatic Australian Open

Govt launches PM Viksit Bharat Rojgar Yojna portal for employers, first-time employees

The Pradhan Mantri Viksit Bharat Rozgar Yojana portal launched to incentivize employers and first-time employees under the Rs 1-lakh crore scheme.

Updated: Sep 02, 2022 10:53
|

PTI

Govt launches PM Viksit Bharat Rojgar Yojna portal for employers, first-time employees

The government has launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) portal on Monday, Union Minister Mansukh L Mandaviya said, urging employers and first-time employees to take benefit of the Rs 1-lakh crore central scheme.

The Union Cabinet approved the Employment Linked Incentive Scheme on July 1, 2025.

With an outlay of nearly Rs 1 lakh crore, the central sector scheme aims to incentivise the creation of more than 3.5 crore jobs in the country, over a period of 2 years starting August 1, 2025, to July 31, 2027, the Union Minister of Labour and Employment said in an interaction with the media.

All employers and first-time employees are covered under the scheme, he said, adding that one can avail the incentive benefit by either registering on the portal or by uploading their UAN number on the UMANG App.

While Part A of the scheme is for first-time employees, Part B supports employers, Mandaviya said.

Under Part A, a one-time incentive equivalent to an average one-month wage (Basic+DA) of up to Rs 15,000 will be offered to first-time employees in two instalments, he explained.

The employer is entitled to get incentives under three slabs. If the salary of an employee is Rs 10,000 per month, then the employer will get an incentive of Rs 1,000. The employer of an employee with a monthly salary ranging between Rs 10,000-20,000 will get an incentive of Rs 2,000. Employers whose new employee has a salary up to Rs 30,000 will get a one-time incentive of Rs 3,000.

"The scheme will promote new job creation in the country and support new employees with the encouragement amount," the Minister said.

In a note, the ministry said employees with gross wages up to Rs 1 lakh will be eligible for the scheme under Part A.

Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing sector.

"Under this part, the establishment will get an incentive up to Rs 3,000 per month for each additional employee (both first timer and re-joinee), for a sustained period of at least six months. The incentive shall be paid for 2 years. However, for establishments in the manufacturing sector, the incentives will be provided for 4 years," it said.

To be eligible under this part, establishments will be required to hire at least two additional employees (for employers with fewer than 50 existing employees) or five additional employees (for employers with 50 or more existing employees), on a sustained basis for at least six months.

As per the ministry, exempted establishments under the EPF & MP Act, 1952, are also included. They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing & new employees using the facility provided on the UMANG App.

ADVERTISEMENT

Up Next

Govt launches PM Viksit Bharat Rojgar Yojna portal for employers, first-time employees

Govt launches PM Viksit Bharat Rojgar Yojna portal for employers, first-time employees

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

Russian President Putin accorded ceremonial welcome at Rashtrapati Bhavan

Russian President Putin accorded ceremonial welcome at Rashtrapati Bhavan

IndiGo disruptions worsen; over 400 flights cancelled, passengers stranded for long hours

IndiGo disruptions worsen; over 400 flights cancelled, passengers stranded for long hours

Over 500 BJP and Congress leaders join AAP at Gujarat Jodo JANSABHA in Morva Hadaf

Over 500 BJP and Congress leaders join AAP at Gujarat Jodo JANSABHA in Morva Hadaf

ADVERTISEMENT

editorji-whatsApp

More videos

Gujarat AAP alleges irregularities in farmer relief package distribution

Gujarat AAP alleges irregularities in farmer relief package distribution

IndiGo cancels all departing flights from Delhi airport till Friday midnight

IndiGo cancels all departing flights from Delhi airport till Friday midnight

Major traffic restrictions in Delhi amid Putin's visit

Major traffic restrictions in Delhi amid Putin's visit

SIR in Gujarat: More than 17 lakh deceased voters found on electoral rolls

SIR in Gujarat: More than 17 lakh deceased voters found on electoral rolls

Indian athletes boosting nation's pride globally: UP CM Adityanath

Indian athletes boosting nation's pride globally: UP CM Adityanath

Uttarakhand begins pre-revision exercise to verify voters from 2003 rolls

Uttarakhand begins pre-revision exercise to verify voters from 2003 rolls

PM Modi presents copy of Gita in Russian to Putin

PM Modi presents copy of Gita in Russian to Putin

IndiGo says ops to be fully normal by Feb 10, seeks FDTL relaxations; cancels over 550 flights

IndiGo says ops to be fully normal by Feb 10, seeks FDTL relaxations; cancels over 550 flights

PM Modi warmly welcomes Putin at Delhi airport; hosts private dinner, reflecting time-tested friendship

PM Modi warmly welcomes Putin at Delhi airport; hosts private dinner, reflecting time-tested friendship

Russian President Putin says India, Russia collaboration not directed against anyone

Russian President Putin says India, Russia collaboration not directed against anyone

Categories

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.