The Government of India keeps launching new schemes to provide support to the people of the country. One of the latest schemes is the PM Viksit Bharat Rozgar Yojana. This scheme has been introduced to create new job opportunities, give financial relief to companies, and support the youth of India in getting employment. If you are looking for a job or if you run a company that wants to hire employees, this scheme can be very helpful.
In this article, we will explain in simple words what this scheme is, its benefits, and how you can apply for it.
What is PM Viksit Bharat Rozgar Yojana?
PM Viksit Bharat Rozgar Yojana is a new initiative by the central government. The main goal of this scheme is to reduce unemployment and encourage companies to hire more employees. Under this scheme, the government will provide financial support for the Provident Fund (PF) contribution of employees.
This means that when a company hires new workers, the government will help pay the PF share for both the employer and employee for a fixed period. In simple terms, this reduces the financial burden on companies and makes it easier for them to hire new people.
The scheme is mainly focused on providing opportunities for the youth, women, and workers in the unorganized sector.
Key Features of the Scheme
- Financial support for PF – The government will contribute to the PF account of the employee for a certain period.
- Encouragement for job creation – Companies will be motivated to hire more workers since their expenses will reduce.
- Support for the youth – Job seekers will get better chances of getting employment.
- Boost to the economy – More jobs mean higher income and growth for the country.
- Focus on women empowerment – The scheme also encourages companies to employ more women workers.
Benefits of PM Viksit Bharat Rozgar Yojana
This scheme comes with many benefits for both employees and employers. Let us understand them in detail:
1. For Job Seekers
- Fresh job opportunities in different sectors.
- Financial security through PF contribution.
- Preference for women and youth in new jobs.
2. For Employers
- Reduction in cost of hiring because the government will bear the PF contribution.
- Easier to expand business by hiring more employees.
- Support for small and medium enterprises (SMEs).
3. For the Country
- Lower unemployment rate.
- More participation of women in the workforce.
- Strengthening of the formal job market.
Eligibility for PM Viksit Bharat Rozgar Yojana
To apply under this scheme, both employees and employers need to follow certain rules:
- The employee must be a new joinee who was not registered with PF earlier.
- The employee should earn a salary as per the limits set by the government.
- The employer/company must be registered with EPFO (Employees’ Provident Fund Organisation).
- Companies should hire employees according to the guidelines of the scheme.
How to Apply for PM Viksit Bharat Rozgar Yojana?
Applying for this scheme is very simple. Here are the steps explained in easy words:
Step 1: Visit the Official Website
Go to the official EPFO website or the government portal related to the PM Viksit Bharat Rozgar Yojana.
Step 2: Employer Registration
Employers or companies need to register themselves first. They have to provide details like company name, GST number, and other business documents.
Step 3: Employee Registration
When a company hires new employees, it has to add their details (like Aadhaar, PAN, and salary information) on the portal.
Step 4: PF Account Creation
The employee’s PF account will be created or linked if it already exists.
Step 5: Government Contribution
Once the details are verified, the government will start contributing to the PF account of the employee for the eligible period.
Documents Required
To apply under this scheme, the following documents are usually required:
- Aadhaar Card
- PAN Card
- Bank Account Details
- Employment details from the company
- Company registration certificate (for employers)
Conclusion
The PM Viksit Bharat Rozgar Yojana is a great step by the government to provide new jobs and reduce unemployment in India. It not only helps young people to get employment but also encourages companies to hire more workers by reducing their financial burden.
If you are a job seeker, this scheme will give you a chance to find stable work with PF benefits. If you are an employer, this scheme will support you in expanding your business without worrying much about PF expenses.
