**Executive Summary**
On June 19, 2026, Prime Minister Narendra Modi will disburse ₹2,400 crore in incentives under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) to promote employment generation and formalization. The national event at Vigyan Bhawan will be supported by regional events at 200 locations across India, including four in Pune, where employers will ceremonially distribute appointment letters. The scheme, which has a total outlay of ₹99,446 crore, applies to jobs created between August 1, 2025, and July 31, 2027.
**Key Points / Main Content**
**Scheme Objectives and Scope**
* Aims to facilitate the creation of over 3.5 crore jobs, with 1.92 crore expected to be first-time entrants.
* Focuses on enhancing employability and expanding social security coverage across all sectors, with a special emphasis on manufacturing.
* Targets the formalization of the workforce by encouraging youth participation and EPFO registration.
**Incentives for First-Time Employees (Part A)**
* Eligibility is restricted to first-time employees registered with EPFO earning wages up to ₹1 lakh per month.
* Provides an incentive equivalent to one month's wage, capped at ₹15,000, delivered in two installments.
* The first installment is paid after six months of continuous service; the second is paid after twelve months and the completion of a financial literacy program.
* Payments are made via Direct Benefit Transfer (DBT) using the Aadhaar Bridge Payment System.
**Support to Employers (Part B)**
* Incentivizes the generation of additional employment with up to ₹3,000 per month per additional employee for two years.
* Manufacturing sector employers receive extended benefits for a third and fourth year.
* To qualify, establishments with fewer than 50 employees must hire at least two additional workers; those with 50 or more must hire at least five.
* Incentives are credited directly to PAN-linked bank accounts.
**Event Logistics**
* The national launch takes place on June 19, 2026, at 03.30 P.M.
* Four regional events in Pune will be held at MIT College of Engineering (Kothrud), Quality Circle Excellence Centre (Bhosari), JSPM Rajarshi Shahu College (Tathawade), and MIT University (Loni Kalbhor).
**Impact Analysis**
**First-Time Employees**
**Impact**
They receive a financial boost of up to ₹15,000 and gain entry into the formal economy with social security benefits.
**Action Required**
Must register with EPFO, maintain continuous service for twelve months, and complete a mandatory financial literacy program.
**Employers / Establishments**
**Impact**
They receive financial subsidies for expanding their workforce, reducing the cost of hiring new talent across a two-to-four-year period.
**Action Required**
Must be EPFO-registered, meet specific minimum hiring quotas (2 or 5 additional employees), and ensure new hires remain in sustained employment for at least six months.
**Manufacturing Sector**
**Impact**
Identified as a priority sector, it receives double the duration of financial support (four years total) compared to other sectors.
**Action Required**
Focus recruitment efforts within the eligibility window of August 2025 to July 2027 to capitalize on extended incentives.
Key Entities Referenced
Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY): The primary employment generation scheme providing financial incentives to first-time employees and their employers to formalize the workforce.
Employees' Provident Fund Organisation (EPFO): The nodal regulatory body responsible for identifying eligible establishments and facilitating the disbursement of scheme benefits.
Ministry of Labour & Employment: The central government ministry overseeing the launch and implementation of the PM-VBRY scheme.
Employment Linked Incentive (ELI) Scheme: The original policy initiative from which the Pradhan Mantri Viksit Bharat Rozgar Yojana was developed.
Aadhaar Bridge Payment System (ABPS): The technical system utilized to execute Direct Benefit Transfers (DBT) of incentives to eligible beneficiaries.
Ministry of Labour & Employment
PM Modi to Release ₹2,400 Crore Incentives
Under Viksit Bharat Rozgar Yojana; Pune to Host
Grand Events Across 4 Locations
First-Time Employees to Receive Incentive of up to ₹15,000
प्रव तथ: 18 JUN 2026 1:18PM by PIB Mumbai
Pune, 18 June 2026
Prime Minister Narendra Modi will distribute an incentive amount of ₹2,400 crore tomorrow
(Friday, June 19) under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). As part of
this initiative, regional-level events are being organized at around 200 locations across India,
particularly in areas with major industrial and employment hubs. This includes four locations in
Pune, where the live streaming of PM Modi's national event will also be broadcast. This
information was shared by the Employees' Provident Fund Organisation (EPFO), Pune Division.
These events will witness the participation of employers, employees, industry representatives,
and other stakeholders. As part of the programme, employers will ceremonially hand over
appointment letters to newly recruited employees, symbolizing the Scheme’s role in fostering
employment generation and facilitating the transition of young workers into the formal economy.
The event will be conducted simultaneously by the four Regional Offices located in Pune on
19.06.2026 from 03.30 P.M. onwards at the following venues:-
1. Regional Office, Pune Cantt -Venue - Swami Vivekanand Hall, MIT College of
Engineering, Paud Road, Kothrud, Pune 411038
2. Regional Office, Pune Akurdi- Venue - Quality Circle Excellence Centre, Plot No J/P,
10, Telco Bhosari Rd, Ganesh Nagar, MIDC, Bhosari, Pune, Pimpri-Chinchwad,
Maharashtra 411026
3. Regional Office, Pune Hinjawadi – Venue - JSPM Rajarshi Shahu College of
Engineering, Tathawade, C Building 3rd floor auditorium, Pimpri Chinchwad, Pune
411033
4. Regional Office, Pune Viman Nagar– Venue - MIT Art, Design and
TechnologyUniversity, Raj Baugh Campus, Pune-Solapur Highway, Next to Bharat
Petrol Pump, Loni Kalbhor, Pune – 412201
The Government of India has launched the Pradhan Mantri Viksit Bharat Rojgar Yojana
(PMVBRY), formerly known as the Employment Linked Incentive (ELI) Scheme, with the
objective of promoting employment generation, enhancing employability, and expanding social
security coverage across all sectors of the economy, with a special emphasis on the
manufacturing sector.
Under the Scheme, while the first-time employees will get one month’s wage (up to Rs
15,000/-), the employers will be given incentives for a period to two years for generating
additional employment, with extended benefits for another two years for the manufacturingsector.
With a total outlay of ₹99,446 crore, PMVBRY aims to facilitate the creation of over 3.5 crore
jobs across the country over a period of two years. Out of these, approximately 1.92 crore
beneficiaries are expected to be first-time entrants into the formal workforce. The benefits
under the Scheme are applicable to jobs created between 1 August 2025 and 31 July 2027.
The Scheme comprises two components:
Part A – Incentive to First-Time Employees:
Under this component, first-time employees registered with EPFO and earning wages up to ₹1
lakh per month are eligible to receive an incentive equivalent to one month’s wage, up to a
maximum of ₹15,000, in two instalments. The first instalment is payable after completion of six
months of continuous service, while the second instalment is payable after twelve months of
service and completion of a financial literacy programme. A portion of the incentive is retained
in a savings instrument/deposit account for a fixed period to encourage long-term savings
habits among young workers.
Part B – Support to Employers:
This component incentivizes employers for generating additional employment across all sectors.
Employers will receive incentives of up to ₹3,000 per month per additional employee for a
period of two years, provided the employee remains in sustained employment for at least six
months. For the manufacturing sector, these incentives are extended for an additional two
years, covering the third and fourth years as well. To qualify, EPFO-registered establishments
must recruit at least two additional employees (for establishments with fewer than 50
employees) or five additional employees (for establishments with 50 or more employees).
All payments to first-time employees under Part A are made through Direct Benefit Transfer
(DBT) using the Aadhaar Bridge Payment System (ABPS), while incentives to employers under
Part B are credited directly to their PAN-linked bank accounts.
The PMVBRY Scheme is expected to catalyse job creation, particularly in the manufacturing
sector, while encouraging youth participation in the formal workforce. The Scheme will also
contribute substantially towards the formalization of employment and the expansion of social
security coverage among millions of workers across the country.
To mark the successful implementation of the Scheme, a National-Level PMVBRY Event will be
held under the gracious presence of the Hon’ble Prime Minister of India on 19 June 2026 at
Vigyan Bhawan, New Delhi. During the event, benefits amounting to approximately ₹2,400
crore will be disbursed to eligible beneficiaries under the Scheme.
* * *
PIB Pune | Harshal Akude/Darshana Rane
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