Budget 2026 Allocates Rs 20,082 Crore for Employment Linked Incentive Scheme

• Union Budget 2026 earmarks Rs 20,082 crore for the PM-Viksit Bharat Rozgar Yojana (PM-VBRY), also known as the Employment Linked Incentive Scheme.
• The PM-VBRY, launched on July 1, 2025, has an outlay of Rs 99,446 Crore, aiming to create over 3.5 Crore jobs in two years.
• The scheme targets 1.92 Crore first-time workforce entrants, with benefits for jobs created between August 1, 2025, and July 31, 2027.
• Part A offers first-time employees an incentive equal to one month's EPF wage (max ₹15,000), payable in two installments.
• Part B incentivizes employers with up to ₹3,000 per month for each additional employment sustained for at least 6 months.

Why It Matters: Budget 2026 allocates significant funds to PM-VBRY to boost employment, especially for new workforce entrants.