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Time of India
a day ago
- Business
- Time of India
Labour minister Mansukh Mandaviya urges employers to utilise jobs incentive scheme
Labour and employment minister Mansukh Mandaviya on Monday urged employers and first-time employees to take benefit of the ₹1 lakh crore employment-linked incentive scheme, Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY). The portal for registration under the scheme is live starting Monday, he said. The scheme, announced in July 2024, received the union Cabinet's approval last month and was formally launched on August 1. "With an outlay of nearly ₹1 lakh crore, the central sector scheme aims to incentivise the creation of more than 35 million jobs in the country over a period of two years starting August 1, 2025, to July 31, 2027," Mandaviya said in an interaction with the media. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo According to a government official, all the employees and employers who have enrolled under the scheme from August 1 till now will have to come on the portal to avail themselves of the benefits. All employers and first-time employees are covered under the scheme, he said. Such an employee can take the benefit by either registering on the portal or by uploading his or her Universal Account Number (UAN) on the UMANG App. Live Events While Part A of the scheme is for first-time employees, Part B supports employers. Under Part A, a one-time incentive equivalent to a person's average one-month wage (basic + DA) with a cap of ₹15,000 will be offered to first-time employees in two instalments. The employer is entitled to get incentives under three slabs. If the salary of an employee is ₹10,000 per month, then the employer will get a one-time incentive of ₹1,000. If the monthly salary is ₹10,000-20,000, the employer will get ₹2,000. The incentive will increase to ₹3,000 if the employer is paying more than ₹20,000 and up to ₹1 lakh a month. "The scheme will promote new job creation in the country and support new employees with the encouragement amount," Mandaviya said. As per the ministry, employees with gross wages up to ₹1 lakh will be eligible for benefits under Part A of the scheme. Under Part B, incentive will be provided for generation of additional employment in all sectors, with a special focus on the manufacturing sector. To be eligible under Part B, an establishment currently employing fewer than 50 people will be required to hire and retain at least two additional employees for at least six months. If the current headcount is more than 50, then the employer must hire five more employees. As per the ministry, exempted establishments under the EPF & MP Act, 1952, are also eligible for benefits under the scheme. They must file the electronic challan-cum-Return, and open UANs for all their existing and new employees using the facility provided on UMANG App.
Economic Times
a day ago
- Business
- Economic Times
Registration portal for Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) goes live
Synopsis Urging the employers and first-time employees to take benefit of the employment linked incentive scheme, labour and employment minister Mansukh Mandaviya said on Monday that the central sector scheme, with an outlay of nearly Rs 1 lakh crore, aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027 Source - Govt website: Labour and employment minister Mansukh Mandaviya urged the employers and first-time employees to take benefit of the Rs 1-lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), saying the portal for registration under the scheme is live from union cabinet had approved the employment linked incentive (ELI) scheme, announced in July 2024, last month and the scheme was formally rolled out on August 1. 'With an outlay of nearly Rs 1 lakh crore, the central sector scheme aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027,' Mandaviya said in an interaction with the media on to a government official, all the employees and employers who have enrolled under the scheme from August 1 till now will have to come on the portal to avail benefits. All employers and first-time employees are covered under the scheme, he said, adding that one can avail the incentive benefit by either registering on the portal or by uploading their UAN number on the UMANG App. While Part A of the scheme is for first-time employees, Part B supports Part A, a one-time incentive equivalent to an average one-month wage (Basic+DA) of up to Rs 15,000 will be offered to first-time employees in two employer is entitled to get incentives under three slabs. If the salary of an employee is Rs 10,000 per month, then the employer will get an incentive of Rs 1,000. The employer of an employee with a monthly salary ranging between Rs 10,000-20,000 will get an incentive of Rs 2,000. Employers whose new employee has a salary up to Rs 30,000 will get a one-time incentive of Rs 3,000.'The scheme will promote new job creation in the country and support new employees with the encouragement amount,'Mandaviya per the ministry, employees with gross wages up to Rs 1 lakh will be eligible for benefits under Part A of the scheme while Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing be eligible under this part, establishments will be required to hire and retain at least two additional employees (for employers with fewer than 50 existing employees) or five additional employees (for employers with 50 or more existing employees), on a sustained basis for at least six per the ministry, exempted establishments under the EPF & MP Act, 1952, are also eligible for benefits under the scheme. They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing and new employees using the facility provided on the UMANG App.
Time of India
a day ago
- Business
- Time of India
Registration portal for Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) goes live
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Labour and employment minister Mansukh Mandaviya urged the employers and first-time employees to take benefit of the Rs 1-lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana PMVBRY ), saying the portal for registration under the scheme is live from union cabinet had approved the employment linked incentive (ELI) scheme, announced in July 2024, last month and the scheme was formally rolled out on August 1.'With an outlay of nearly Rs 1 lakh crore, the central sector scheme aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027,' Mandaviya said in an interaction with the media on to a government official, all the employees and employers who have enrolled under the scheme from August 1 till now will have to come on the portal to avail employers and first-time employees are covered under the scheme, he said, adding that one can avail the incentive benefit by either registering on the portal or by uploading their UAN number on the UMANG App While Part A of the scheme is for first-time employees, Part B supports Part A, a one-time incentive equivalent to an average one-month wage (Basic+DA) of up to Rs 15,000 will be offered to first-time employees in two employer is entitled to get incentives under three slabs. If the salary of an employee is Rs 10,000 per month, then the employer will get an incentive of Rs 1,000. The employer of an employee with a monthly salary ranging between Rs 10,000-20,000 will get an incentive of Rs 2,000. Employers whose new employee has a salary up to Rs 30,000 will get a one-time incentive of Rs 3,000.'The scheme will promote new job creation in the country and support new employees with the encouragement amount,'Mandaviya per the ministry, employees with gross wages up to Rs 1 lakh will be eligible for benefits under Part A of the scheme while Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing be eligible under this part, establishments will be required to hire and retain at least two additional employees (for employers with fewer than 50 existing employees) or five additional employees (for employers with 50 or more existing employees), on a sustained basis for at least six per the ministry, exempted establishments under the EPF & MP Act, 1952, are also eligible for benefits under the scheme. They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing and new employees using the facility provided on the UMANG App.
Mint
a day ago
- Business
- Mint
PM Viksit Bharat Rozgar Yojna: Benefits, eligibility, scheme period, how to apply — explained
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) portal has been launched by the Centre to provide employment linked incentives to employers and first-time employees, according to reports. The ₹ 1 lakh crore central government scheme, was approved on July 1, 2025, and 'aims to incentivise the creation of over 3.5 crore jobs' in India over a two-year period from August 1, 2025 to July 31, 2027, Mansukh L Mandaviya, Union Minister of Labour and Employment told reporters on August 18. 'The scheme will promote new job creation in the country and support new employees with the encouragement amount,' he added. All employers and first-time employees in India, are covered under PMVBRY, as per Mandaviya. He added that Part A of the scheme is applicable for first-time employees, while Part B supports employers. In a note, the ministry said employees with gross wages up to ₹ 1 lakh will be eligible for the scheme under Part A. Meanwhile, Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing sector. To be eligible, establishments will be required to hire at least two additional employees (for employers with fewer than 50 existing employees) or five additional employees (for employers with 50 or more existing employees), on a sustained basis for at least six months. Further, exempted establishments under the EPF & MP Act, 1952, are also included. The minister explained that under Part A, a first-time employee can avail a one-time incentive equivalent to an average one-month wage (Basic DA) of up to ₹ 15,000. This will be offered to them in two instalments. As per the ministry note, companies will get an incentive up to ₹ 3,000 per month, for each additional employee (both first timer and re-joinee), for a sustained period of at least six months. The scheme will be for two years overall, with special extension till four years for companies in the manufacturing sector. Under Part B. the employer is entitled to get incentives under three slabs, as follows: If the salary of an employee is ₹ 10,000 per month, then the employer will get an incentive of ₹ 1,000. 10,000 per month, then the employer will get an incentive of 1,000. The employer of an employee with a monthly salary ranging between ₹ 10,000-20,000 will get an incentive of ₹ 2,000. 10,000-20,000 will get an incentive of 2,000. Employers whose new employee has a salary up to ₹ 30,000 will get a one-time incentive of ₹ 3,000. You can avail the incentive benefit by: Registering on the official portal here — , or Uploading your UAN number on the UMANG App. For companies: They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing and new employees using the facility provided on the UMANG App. (With inputs from PTI)
News18
5 days ago
- Business
- News18
EPFO Eases Aadhaar Seeding Process For UAN KYC: All You Need To Know
EPFO has simplified the Aadhaar seeding process for UAN KYC updates, allowing quicker profile changes and reducing approval delays EPFO Update: The Employees' Provident Fund Organisation (EPFO) has streamlined the process of using Aadhaar as KYC for Universal Account Number (UAN), enabling members to update their details faster and with fewer approvals. Previously, mismatches in name, gender, or date of birth between Aadhaar and UAN often meant multiple approval levels and time-consuming paperwork. Now, if the details in both records match exactly and are verified by UIDAI, members can have their Aadhaar seeded through the employer's portal without separate EPFO approval. The primary goal of Aadhaar seeding is to allow EPFO to deliver services directly to members, bypassing employer intermediation. Only cases where Aadhaar has not been seeded or verified will require routing through the employer or EPFO. Key changes in the Joint Declaration (JD) process: The Universal Account Number (UAN) is a 12-digit unique identifier assigned by the EPFO, which remains the same throughout an employee's career, regardless of job changes. How to link UAN with Aadhaar via UMANG App: Enter your UAN in the app. Verify the OTP sent to your UAN-registered mobile number. Enter Aadhaar details. Verify the OTP sent to your Aadhaar-linked mobile number and email. Aadhaar will then be linked to your UAN. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
