The Government of India has launched the Pradhan Mantri Viksit Bharat Rozgar Yojana, popularly known as the PM 15000 Scheme, to boost employment generation and provide financial support to first-time workers. The initiative aims to formalize new entrants into the workforce, extend social security through EPF coverage, and encourage long-term job stability.
✅ Who Can Apply? – Eligibility Criteria
- New Employment Period
- Employees who join a workplace between August 1, 2025, and July 31, 2027 (both dates inclusive) are eligible.
- First-Time EPF Members
- Applicants must not have been members of the Employees’ Provident Fund (EPF) or any exempted trust before August 1, 2025.
- This ensures the scheme benefits only new workforce entrants.
- EPF Contribution Requirement
- The employee’s first EPF contribution must begin from August 2025 onwards, validating their entry into the formal financial system.
- Salary Limit
- Employees earning up to ₹1,00,000 per month (including all allowances and emoluments) are eligible.
- Employment Tenure
- To qualify for the first instalment of benefits, an employee must complete six months of continuous service in the same organization.
- This clause encourages job retention and reduces high attrition.
💰 Benefits of the PM 15000 Scheme
- Eligible employees will receive a financial incentive of up to ₹15,000, directly supporting their early career phase.
- Promotes job creation by motivating employers to hire fresh talent.
- Provides social security benefits through mandatory EPF inclusion.
- Encourages workforce formalization, bringing more workers under the structured financial system.
Summary
The PM Viksit Bharat Yojana (PM 15000 Scheme) is designed for first-time employees joining the workforce between August 2025 and July 2027. With a maximum salary cap of ₹1 lakh per month and a requirement to complete six months of continuous service, the scheme ensures both job stability and financial support. By offering up to ₹15,000 incentive per employee, the government aims to boost employment, formalize the labour force, and strengthen social security coverage.
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