Labour and employment minister Mansukh Mandaviya urged the employers and first-time employees to take benefit of the Rs 1-lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana ( PMVBRY), saying the portal for registration under the scheme is live from Monday.
The union cabinet had approved the employment linked incentive (ELI) scheme, announced in July 2024, last month and the scheme was formally rolled out on August 1.
“With an outlay of nearly Rs 1 lakh crore, the central sector scheme aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027,” Mandaviya said in an interaction with the media on Monday.
According to a government official, all the employees and employers who have enrolled under the scheme from August 1 till now will have to come on the portal to avail benefits.
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.
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 installments.
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,”Mandaviya added.
As per the ministry, employees with gross wages up to Rs 1 lakh will be eligible for benefits under Part A of the scheme while Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing sector.
To be eligible under this part, establishments will be required to hire and retain 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 eligible for benefits under the scheme. They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing and new employees using the facility provided on the UMANG App.
The union cabinet had approved the employment linked incentive (ELI) scheme, announced in July 2024, last month and the scheme was formally rolled out on August 1.
“With an outlay of nearly Rs 1 lakh crore, the central sector scheme aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027,” Mandaviya said in an interaction with the media on Monday.
According to a government official, all the employees and employers who have enrolled under the scheme from August 1 till now will have to come on the portal to avail benefits.
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.
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 installments.
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,”Mandaviya added.
As per the ministry, employees with gross wages up to Rs 1 lakh will be eligible for benefits under Part A of the scheme while Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing sector.
To be eligible under this part, establishments will be required to hire and retain 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 eligible for benefits under the scheme. They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing and new employees using the facility provided on the UMANG App.
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