Labour and employment minister Mansukh Mandaviya on Monday urged employers and first-time employees to take benefit of the ₹1 lakh crore employment-linked incentive scheme, Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY).
The portal for registration under the scheme is live starting Monday, he said. The scheme, announced in July 2024, received the union Cabinet's approval last month and was formally launched on August 1.
"With an outlay of nearly ₹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.
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 themselves of the benefits.
All employers and first-time employees are covered under the scheme, he said. Such an employee can take the benefit by either registering on the portal or by uploading his or her Universal Account Number (UAN) 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 a person's average one-month wage (basic + DA) with a cap of ₹15,000 will be offered to first-time employees in two instalments.
The employer is entitled to get incentives under three slabs. If the salary of an employee is ₹10,000 per month, then the employer will get a one-time incentive of ₹1,000. If the monthly salary is ₹10,000-20,000, the employer will get ₹2,000. The incentive will increase to ₹3,000 if the employer is paying more than ₹20,000 and up to ₹1 lakh a month.
"The scheme will promote new job creation in the country and support new employees with the encouragement amount," Mandaviya said.
As per the ministry, employees with gross wages up to ₹1 lakh will be eligible for benefits under Part A of the scheme. Under Part B, incentive will be provided for generation of additional employment in all sectors, with a special focus on the manufacturing sector.
To be eligible under Part B, an establishment currently employing fewer than 50 people will be required to hire and retain at least two additional employees for at least six months. If the current headcount is more than 50, then the employer must hire five more employees.
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, and open UANs for all their existing and new employees using the facility provided on UMANG App.
The portal for registration under the scheme is live starting Monday, he said. The scheme, announced in July 2024, received the union Cabinet's approval last month and was formally launched on August 1.
"With an outlay of nearly ₹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.
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 themselves of the benefits.
All employers and first-time employees are covered under the scheme, he said. Such an employee can take the benefit by either registering on the portal or by uploading his or her Universal Account Number (UAN) 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 a person's average one-month wage (basic + DA) with a cap of ₹15,000 will be offered to first-time employees in two instalments.
The employer is entitled to get incentives under three slabs. If the salary of an employee is ₹10,000 per month, then the employer will get a one-time incentive of ₹1,000. If the monthly salary is ₹10,000-20,000, the employer will get ₹2,000. The incentive will increase to ₹3,000 if the employer is paying more than ₹20,000 and up to ₹1 lakh a month.
"The scheme will promote new job creation in the country and support new employees with the encouragement amount," Mandaviya said.
As per the ministry, employees with gross wages up to ₹1 lakh will be eligible for benefits under Part A of the scheme. Under Part B, incentive will be provided for generation of additional employment in all sectors, with a special focus on the manufacturing sector.
To be eligible under Part B, an establishment currently employing fewer than 50 people will be required to hire and retain at least two additional employees for at least six months. If the current headcount is more than 50, then the employer must hire five more employees.
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, and open UANs for all their existing and new employees using the facility provided on UMANG App.
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