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The Government of India has launched the Pradhan Mantri Vikasit Bharat Rojgar Yojana from 1 August 2025, which will provide financial assistance of Rs 15,000 to those getting their first job. The budget of the scheme is Rs 99,446 crore.
Many financial rules change from the new month. Today, from 1 August 2025, the Government of India is starting a new scheme called Pradhan Mantri Vikasit Bharat Rojgar Yojana. This scheme is especially for those people who are starting their first job in life.
Under this scheme, the government will provide financial assistance of Rs 15,000 to those who get their first job. Now you must be wondering how the Rs 15,000 will be given and this money will be given in two parts.
Youth will get financial help from ELI scheme
This scheme was earlier known as Employment Linked Incentive i.e. ELI, but now its name has been changed to PM-VBRY. The aim of this scheme is to create 3.5 crore new jobs in the country and especially to increase employment in the manufacturing sector. Also, this scheme will provide financial help to the youth and encourage companies to employ new people. The government has kept a budget of Rs 99,446 crore for this, which will run for the next four years.
How to get benefit of ELI scheme?
This scheme will work in two parts. The first part is for those who are starting a job for the first time. If your salary is less than Rs 1 lakh per month and you are registered with EPFO, then you will get a help of Rs 15,000. This money will come in two parts. The first installment will be given after 6 months of work and the second installment will be given after 12 months, provided you have completed a financial literacy course.
This money will come directly to your bank account linked to Aadhaar. Some part of it will be deposited in your savings account, which you can withdraw later. About 1.92 crore new employees will benefit from this part.
The second part is for companies. If a company employs new people, it will get an incentive of Rs 3,000 per month for each employee. This incentive will be available for two years, and for companies in the manufacturing sector, it will be available for four years. But there are some conditions for this.
Small companies with less than 50 employees will have to hire at least 2 new people and big companies will have to hire 5 new people for 6 months. This money will come in the bank account linked to the company’s PAN.
‘Make in India’ is also getting a boost
The aim of this scheme is that more and more people should work in the organized sector and get social security, such as pension and insurance. Special focus is being given on making the youth of 18-35 years skilled and supporting small and medium businesses. This scheme will also promote Make in India and make India a big center of manufacturing.
On July 12, PM Modi distributed 51 thousand job letters in the employment fair, and now this scheme is another big step in that direction. If you are starting your first job or a company wants to hire new people, then this is a golden opportunity for you. Just complete 6 months of job and take full advantage of this scheme.
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