If you are going to work for the first time, then you can get an incentive of Rs 15,000 under the Pradhan Mantri Vikas Bharat Rojgar Yojana, but for this you will have to fulfill many important conditions first.

After college, every young person moves into a job. In these situations, the initial salary isn't high, forcing them to spend their money judiciously. But imagine how much relief a 15,000 rupee government grant could provide during their first job. A government scheme could prove helpful for young people starting their first job.

In fact, under the Pradhan Mantri Vikas Bharat Rojgar Yojana (PM-VBRY), eligible employees can receive an incentive of up to 15,000 rupees. However, not every employee is eligible for this benefit. Certain prerequisites must be met. Therefore, it is important to understand the requirements associated with this scheme.

What are the necessary conditions?

Importantly, certain conditions must be met to benefit from this scheme, such as the employment must commence between August 1, 2025, and July 31, 2027. Furthermore, the employee's monthly gross salary must not exceed ₹1 lakh.

EPFO registration is mandatory

There are several other conditions as well. Any company or institution an employee works for must be registered with the EPFO. Most importantly, this scheme will benefit only those employees who join the EPFO ​​for the first time. The scheme's funds are not disbursed all at once, so you must work for six consecutive months to receive the first installment, only after which you will receive the money.

How much money will I get in the first installment?

The funds under this scheme are not disbursed all at once, but in installments. If we consider how much an employee receives in the first installment, they are given up to ₹7,500, but this requires six months of continuous employment. However, keep one thing in mind: not all employees will receive the ₹7,500 first installment. The exact amount depends on their salary and the rules of the scheme.

Will I get the full amount in the second installment?

Now, if an employee wants to avail the Rs 15,000 benefit, they must meet certain conditions. They must also complete a course before they will be given the money.

Which course will I have to do?

It should be noted that to receive the ₹15,000, the employee must complete a prescribed financial literacy course. Furthermore, just as six months of continuous employment is required for the first installment, one year of continuous employment is required to receive the second installment. Failure to meet these two criteria will result in the employee not receiving the second installment.

Learn other important terms and conditions

To benefit from the scheme, employees must have a bank account linked to Aadhaar, into which the incentive money is transferred. The employee must also be a resident of India.

How to apply?

If you want to benefit from the Pradhan Mantri Vikas Bharat Rojgar Yojana, you don't need to submit a separate application. You simply need to generate a UAN through the UMANG app when you first apply for a job. To avail of this scheme, companies must register online on the official PM-VBRY portal. Employees must also meet all the necessary requirements to benefit from the scheme.