From mint · Rajendra Saxena · · 1m
PM-VBRY: Financial Literacy Course for ₹15,000 EPFO Incentive
New EPFO members must complete financial literacy course to claim ₹15,000 incentive under PM-VBRY.
In brief
New EPFO members must complete financial literacy course to claim ₹15,000 incentive under PM-VBRY. First-time EPFO members need to finish a financial literacy course to get ₹15,000 incentive after 12 months of service. Originally reported by mint.
PM-VBRY Incentive Details
First-time EPFO members can receive up to ₹15,000 under PM-VBRY after completing 12 months of continuous service.
Eligibility Requirements
Must not have contributed to EPF before August 1, 2025, join between August 1, 2025 and July 31, 2027, and have monthly salary under ₹1 lakh.
Financial Literacy Course
Required for second instalment after 12 months of service; improves savings and money management skills.
Payment Schedule
First instalment of up to ₹7,500 after six months; second instalment after 12 months if course is completed.
Employer Incentives
Employers get up to ₹3,000 per month per new employee for two years, up to four years for manufacturing.
Verification Steps
Check EPF membership history, joining date, salary eligibility, and employer coverage before claiming incentive.
What to remember
First-time EPFO members need to finish a financial literacy course to get ₹15,000 incentive after 12 months of service.
