EPFO PMVBRY Events on June 19: Benefits Worth Rs 2,400 Crore to Be Distributed Across India

The Employees' Provident Fund Organisation (EPFO) will organise special incentive distribution programmes in Nagpur and Chandrapur on June 19 as part of the Pradhan Mantri Viksit Bharat Rojgar Yojana (PMVBRY), a flagship employment-linked initiative aimed at boosting job creation and expanding social security coverage across India.

EPFO PMVBRY Events on June 19 | Photo Credit: https://x.com/officialepfo
EPFO PMVBRY Events on June 19 | Photo Credit: https://x.com/officialepfo

The events are part of a nationwide campaign to display the implementation and impact of the government's employment-generation programme. The regional functions will come at the same time as the national-level ceremony at Vigyan Bhawan in New Delhi, where Prime Minister Narendra Modi is expected to be present.

Benefits Worth Nearly Rs 2,400 Crore

One of the key highlights of the June 19 programme will be the distribution of benefits of nearly Rs 2,400 crore to the eligible beneficiaries under PMVBRY. It is one of the government’s major efforts to promote formal employment and to give financial encouragement to workers and employers.

As well as the main meeting in the capital, more than 200 similar events will be held across major industrial hubs, employment centres and business districts throughout the country. In this way, the scheme will be promoted, and businesses, industries and workers will be engaged.

We hope that widespread outreach will help employers get the incentives to create more jobs while still making sure workers can access social security benefits through employment, and that they can get them.

Focus on Employment Generation

PMVBRY is designed to enhance India’s workforce by giving job-seeking youth meaningful employment opportunities. It will help in the creation of over 3.5 crore jobs in various sectors of the economy.

First-time employees can have up to Rs 15,000 in incentives to get into an organised workforce and are eligible to work. Companies that increase their workforce as well as create jobs are also eligible for financial rewards to help them grow and enhance their bottom line.

Government policymakers hope that the scheme will increase participation in the formal labour market, enhance social security coverage, and help, in the long run, to develop a workforce.

Appointment Letters to Be Distributed

According to officials, one of the main attractions of the regional events will be the ceremonial distribution of appointment letters by employers to the newly recruited workers. The initiative will allow us to demonstrate the way PMVBRY is creating jobs and to support youth in entering the organised sector.

The events will involve employees, employers, industry representatives, labour experts, government officials and other stakeholders in the employment ecosystem.

Nagpur and Chandrapur Programmes

The Nagpur programme will be held at the EPFO Regional Office on KDK College Road in Nadavan. Many prominent dignitaries are expected to attend, including Nagpur District Guardian Minister Chandrashekhar Bawankule, Minister of State Ashish Jaiswal and District Collector Kumar Ashirwad.

The Chandrapur event will take place at The Chandrapur District Central Co-operative Bank in Civil Lines. Local public representatives, including MLA Kishore Jorgewar and Mayor Sangitatai Khandekar, will be present.

Strengthening India's Workforce

The PMVBRY initiative is part of a larger government policy of promoting employment-led growth, but also to ensure that workers receive social security benefits through formal channels. For both employers and employees, a win-win would be achieved by tying incentives to jobs.

With benefits worth thousands of crores on the table and hundreds of outreach events planned around India, June 19 is expected to see a big success story for one of India’s biggest employment-support programs. The initiative is expected to transform the country’s economic landscape and workforce participation and job growth in the years to come, governments say.