North India Statesman
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Government Employment Scheme: What if you start a new job and immediately get a gift of Rs 15,000? This has now become possible under the new Pradhan Mantri Vakta Bharat Rozgar Yojana of the Central Modi Government. This scheme is especially for those employees who are registering with EPFO for the first time. Employees with monthly salary up to Rs 1 lakh will be given a maximum of Rs 15,000 in two installments as one month’s EPF salary.
How will you get the money?
First Installment: On completion of 6 months of continuous service
Second Installment: After 12 months of service + completion of financial literacy program
This incentive amount will be kept in the savings or deposit account for a fixed period and the employee will be able to withdraw it later.
Big benefit for companies too
The second part of this scheme is for employers (companies). New employees with salary up to Rs 1 lakh will be given Rs 3000 per month for 2 years by the government. This will continue in the third and fourth years in the manufacturing sector as well.
– Companies with less than 50 employees must hire at least 2 new employees.
– A company with 50 or more employees must hire at least 5 new employees
– Must have continuous employment available for at least 6 months
Project objective and budget
Total cost: Rs 99446 crore
Target: More than 3.5 crore new jobs in the next 2 years
Duration: Benefits for new employment from 1 August 2025 to 31 July 2027
The scheme will cover all sectors, but special focus will be given to the manufacturing sector. If you are also looking for a new job or are going to register with EPFO for the first time, then do not miss this opportunity.
