The PM Viksit Bharat Rozgar Yojana is a flagship employment scheme by the Government of India aimed at generating more job opportunities, promoting skill development, and supporting economic growth. This initiative primarily focuses on helping unemployed youth and encouraging industries to hire more workers through government-backed incentives.
In this article, we’ll cover the features, eligibility, benefits, and step-by-step application process for the PM Viksit Bharat Rozgar Yojana.
What is PM Viksit Bharat Rozgar Yojana?
Launched under the vision of Viksit Bharat @2047, this scheme provides financial support to employers for creating new jobs and hiring fresh talent. The government contributes towards the Employees’ Provident Fund (EPF) for newly recruited employees, thereby reducing the cost burden on employers and encouraging more recruitment.
It targets both skilled and semi-skilled youth, ensuring they get employment opportunities in various sectors, including manufacturing, IT, services, and agriculture-related industries.
Key Features of PM Viksit Bharat Rozgar Yojana
Government EPF Contribution:
The scheme covers a portion of EPF contributions for newly hired employees for a fixed period.
Focus on New Jobs:
Only new employment created after the scheme’s launch date is eligible for benefits.
Digital Application & Tracking:
The procedure of entering the application is entirely online with the designated portal.
Support for MSMEs and Large Industries:
Benefits are applicable to both small and large businesses that create new jobs.
Eligibility Criteria
For Employers
Must be registered under EPFO (Employees’ Provident Fund Organisation).
Should have added new employees after the scheme launch date.
Must comply with all labour laws and tax regulations.
For Employees
Age between 18 and 40 years.
Must have a valid Aadhaar-linked bank account.
Should not have been employed in any EPFO-registered company in the last 6 months before joining.
Benefits of PM Viksit Bharat Rozgar Yojana
Job Creation Incentives: Employers get a cost benefit when hiring new employees.
Skill Utilization: Trained youth get placed in relevant industries.
EPF Contribution Support: Reduces the financial burden on employees and employers.
Economic Growth: More jobs mean increased productivity and income levels.
Documents Required
Job Creation Incentives: Employers get a cost benefit when hiring new employees.
Skill Utilization: Trained youth get placed in relevant industries.
EPF Contribution Support: Reduces the financial burden on employees and employers.
Economic Growth: More jobs mean increased productivity and income levels.
How to Apply for PM Viksit Bharat Rozgar Yojana – Step-by-Step Guide
Step 1: Visit the Official Portal
Go to the official website of the PM Viksit Bharat Rozgar Yojana or the EPFO portal.
Step 2: Employer Registration
Employers must log in using their EPFO credentials.
Fill out company details and submit required documents.
Step 3: Add New Employee Details
Enter Aadhaar, bank details, and joining date of new employees.
Upload appointment letter proof.
Step 4: Verification
The portal will verify the Aadhaar and employment status through EPFO records.
Step 5: Approval & Benefit Disbursement
Once approved, the government’s EPF contribution for the new employees will start reflecting in the EPFO account.
Important Points to Remember
The scheme is valid only for employment generated after the official announcement date.
Both employer and employee must have Aadhaar-linked bank accounts.
Any false information may lead to cancellation of benefits and legal action.
Conclusion
The PM Viksit Bharat Rozgar Yojana is a golden opportunity for both employers and job seekers. It not only encourages industries to hire more people but also provides financial support for employees’ future security. By following the online application process carefully, eligible candidates and companies can take full advantage of this government initiative and contribute to the vision of a developed India by 2047.