Question 1

The PM-VBRY only supports the manufacturing sector.

Accepted Answer

The scheme supports job creation across all sectors for a 2-year period. However, the manufacturing sector receives an extended benefit period of 4 years under Part B.

Question 2

First-time employees receive the Rs 15,000 benefit as an immediate sign-on bonus.

Accepted Answer

The Rs 15,000 is paid in two installments: the first after 6 months of continuous service, and the second after 12 months, contingent upon completing a financial literacy course.

Question 3

Consider the following statements regarding the PM Viksit Bharat Rozgar Yojana (PM-VBRY):
1. The scheme is applicable only to first-time employees who are entering the formal workforce with a monthly salary of up to Rs 1 lakh.
2. Under Part B of the scheme, employer incentives for the manufacturing sector are provided for a duration of 4 years.
3. The scheme strictly requires employers to credit the wage subsidy into the employee's bank account along with their monthly salary.
How many of the above statements are correct?

Accepted Answer

(b) Only two — Statement 1 is correct: The wage subsidy (Part A) applies to first-time EPFO-registered employees earning up to Rs 1 lakh per month. Statement 2 is correct: Employer incentives (Part B) last 2 years for general sectors but are extended to 4 years for the manufacturing sector. Statement 3 is incorrect: The wage subsidy is not routed through the employer; it is paid directly to the employee via Direct Benefit Transfer (DBT) using the Aadhaar Bridge Payment System (ABPS).

Question 4

Match the features of the PM Viksit Bharat Rozgar Yojana (List I) with their corresponding criteria (List II).

List I (Feature)
A. Part A Disbursement mechanism
B. Part B Disbursement mechanism
C. Minimum new hires for a firm with more than 50 employees
D. Condition for the second installment of employee subsidy

List II (Criteria)
1. Completion of a financial literacy programme
2. Minimum 5 additional employees
3. PAN-linked bank account
4. Aadhaar Bridge Payment System (ABPS)

Select the correct answer using the code given below:

Accepted Answer

(a) A-4, B-3, C-2, D-1 — Part A (employee benefit) is paid via DBT through ABPS (A-4). Part B (employer benefit) is credited to the employer's PAN-linked account (B-3). Firms with 50 or more employees must hire at least 5 new workers to be eligible for Part B (C-2). The second installment of Part A requires the completion of a financial literacy programme (D-1).

Question 5

Assertion (A): Under the PM Viksit Bharat Rozgar Yojana, a portion of the first-time employee's incentive is mandatorily held in a savings-linked instrument with delayed withdrawal.
Reason (R): The government intends to lower its immediate fiscal deficit by deferring cash outflows for the current financial year.
Select the correct answer from the codes given below:

Accepted Answer

(c) A is true but R is false — Assertion (A) is true: The scheme deliberately locks a portion of the Part A subsidy in a savings deposit. Reason (R) is false: The policy objective is not to defer fiscal outflows to manage the deficit, but rather to explicitly promote long-term saving habits and financial prudence among youth newly entering the formal workforce.

Launch of PM Viksit Bharat Rozgar Yojana

RTE Act and Minority Institutions Judgment