<h1>Employment incentive scheme encourages private hiring with staged benefits for first-time employees and employer subsidies.</h1> Launch of PM Viksit Bharat Rozgar Yojana establishes a two-part employment incentive scheme: Part A awards staged wage-linked incentives to first-time private sector employees registered with the provident fund, conditioned on sustained employment and financial literacy completion with a portion held in a savings instrument; Part B provides monthly employer subsidies for additional sustained hires, with extended support for manufacturing employers and eligibility tied to EPFO registration and minimum additional-hire thresholds. Employee payments use DBT via the Aadhaar Bridge Payment System and employer payments go to PAN-linked accounts.