New Delhi, Oct. 19 -- First-time employees entering India's formal workforce can receive a government incentive of up to Rs.15,000 under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). However, completing the required period of employment is not sufficient to receive the full benefit. Eligible workers must also complete a prescribed financial literacy course to qualify for the second instalment.

The scheme aims to promote formal employment by encouraging workers to join the Employees' Provident Fund Organisation (EPFO) system. The incentive is paid directly to eligible employees, subject to specified eligibility criteria and payment conditions.

The employee incentive falls under Part A of PM-VBRY. To qualify, an employee must ...