PM-VBRY: Formal Employment

Pradhan Mantri Viksit Bharat Rojgar Yojana (PM-VBRY) completed one year on 1 August 2026.

Key Points

  • Launch/implementation: 1 August 2025 – 31 July 2027
  • Financial outlay: ₹99,446 crore
  • Implementing Ministry: Ministry of Labour & Employment
  • Implementing agency: EPFO
  • First-time workers formalised: 72 lakh+
  • Has two components:
    1. Employee-focused – assistance to first-time employees.
    2. Employer-focused – incentives for establishments generating additional employment.

UPSC Focus: Employment generation | Formalisation of labour | EPFO | Government schemes