The PM Viksit Bharat Rozgar Yojana (PMVBRY) is a government initiative designed to encourage employment and support people entering the workforce for the first time. Under the scheme, eligible first-time employees can receive a financial incentive of up to ₹15,000, transferred directly to their Aadhaar-linked bank accounts through the Direct Benefit Transfer (DBT) system.
However, employees must meet specific eligibility requirements to receive the benefit. These include conditions related to previous EPFO membership, monthly salary, length of employment and verification of their Universal Account Number (UAN).
PMVBRY Scheme: Eligibility Criteria for Employees
To qualify for the scheme, employees must satisfy the prescribed conditions. According to the provided information, applicants must not have previously been contributing members of the Employees’ Provident Fund Organisation (EPFO) or an exempted provident fund trust.
The employee’s monthly salary must be below ₹1 lakh, and they must complete six months of employment with the same company to meet the stated service requirement.
Additionally, the employee must have an active Universal Account Number (UAN). Face authentication through the UMANG app is required for verification, while the employee’s bank account must be linked to Aadhaar to receive payments through DBT.
Who Can Receive the ₹15,000 Incentive?
The scheme is intended to benefit individuals joining the organised sector for the first time. Eligible employees can receive a total financial incentive of up to ₹15,000, subject to the scheme’s applicable conditions.
The payment is divided into two instalments. The first instalment becomes payable after the employee completes six months of service, while the second is linked to completing 12 months of employment.
Employees must fulfil the prescribed eligibility and verification requirements to receive the payments.
How Much Money Will Employees Receive?
Under the scheme’s stated payment structure, the total incentive can reach ₹15,000, with each instalment amounting to ₹7,500. The incentive is linked to the employee’s EPF salary for one month, subject to the applicable scheme rules.
The financial assistance is intended to encourage people to take up their first formal-sector jobs and provide support during the initial period of employment. Employees should check the latest official guidelines to confirm the applicable payment calculations and eligibility conditions before applying.
Disclaimer: This article is for general informational purposes only and should not be treated as official government advice. Eligibility conditions, payment amounts and disbursement procedures are subject to the applicable scheme guidelines and may change. Employees should verify the latest details through official government notifications or the relevant EPFO portal before making any decisions.