Incentive for first-time employees, employers
Speaking to reporters here on Friday, Principal Regional Commissioner, EPFO, Tirunelveli, Siva Shanmugam and Regional Commissioner Sundaresan said the Prime Minister Viksit Bharat Rozgar Yojana had been launched with the objective of creating over 3.50 crore jobs at the cost of ₹98,446 crore in two years – between August 1, 2025 and July 31, 2027 - across the country by encouraging the employees and the employers.
First-time employees drawing salary up to ₹1 lakh would get the incentive of ₹15,000 in two instalments. They will get this assistance by activating the Universal Account Number and linking the bank account with Aadhaar number.
While the first instalment will be given after six months of service, the second instalment will get credited at the end of one year.
Employers creating additional jobs in any sector will get the incentive for two years and the manufacturing sector will get this assistance for two more years.
For any clarification, the employees and the employers may contact the EPFO, Tirunelveli, they said.
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