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In this webcast, panelists provided insights into the PM-VBRY scheme, its incentives for employers and employees, compliance roadmap, and practical steps to boost formal employment in India.
Starting 1 August 2025, the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) will be implemented with a total outlay of INR99,446 crore to promote formal employment across India.
PM-VBRY comprises two schemes:
- Scheme A: Incentives for first-time employees contributing to EPF
- Scheme B: Support for employers generating net additional jobs, with extended benefits for the manufacturing sector
The scheme covers both existing and new establishments registered under the EPFO. It aims to drive workforce formalization, boost sustained employment and enhance financial literacy among employees.
This webcast offers practical insights on scheme registration, incentive calculations, compliance requirements, and the steps organizations need to take to effectively leverage PM-VBRY’s benefits.
Key discussion points:
- Key benefits for employers and employees
- Practical insights and compliance requirements
- Actionable next steps for organizations
- Real-world case studies and expert commentary
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