PM Viksit Bharat Rozgar Yojana: ₹1 lakh crore jobs scheme
Why in the news
The PM announced an employment scheme rewarding first-time workers and the employers who hire them.
Key facts
- Outlay: about ₹1 lakh crore; target: 3.5 crore jobs in two years.
- Covers salaries up to ₹1 lakh.
| Part | Benefit | Payment route |
|---|---|---|
| A: employees | One month’s EPF wage, up to ₹15,000, for first-time EPFO members; paid after 6 and 12 months (plus financial literacy course); part is locked in savings | DBT via ABPS |
| B: employers | Up to ₹3,000 per month per new hire for 2 years; manufacturing gets years 3 and 4 too | PAN-linked accounts |
Exam angle
- Registry: EPFO; vision: Swatantra Bharat to Samriddha Bharat.