PM Modi to disburse Rs 2,400 crore under Viksit Bharat Rozgar Yojana on June 19
New Delhi, June 17
Prime Minister Narendra Modi will disburse incentives worth around Rs 2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana at a special programme to be held here on Friday, it was announced on Wednesday.
The scheme has already supported the creation of around 15 lakh employment opportunities across the country since its launch, according to the Prime Minister's Office (PMO).
The scheme has been designed to encourage both employees and employers to participate in the formal economy.
Under the scheme, first-time employees are eligible for incentives of up to Rs 15,000, providing financial support as they enter the workforce.
Employers generating additional employment can receive incentives of up to Rs 3,000 per month for each additional employee, thereby encouraging sustained job creation.
Recognising the importance of manufacturing in driving economic growth, the scheme provides incentives to employers in the manufacturing sector for a period of four years, while employers in other sectors are eligible for incentives for two years.
The initiative reflects its commitment to creating an enabling ecosystem for employment-led growth and ensuring that the benefits of economic expansion translate into quality formal employment opportunities, particularly for the youth, according to the government.
With a total outlay of Rs 99,446 crore, the scheme came into effect in August 2025 to facilitate the creation of more than 3.5 crore jobs over two years.
Of the total targeted beneficiaries, around 1.92 crore are expected to be first-time entrants to the workforce, the government said.
The scheme is expected to play a transformative role in expanding formal employment, strengthening social security coverage and advancing the vision of a developed India by supporting both workers and employers, according to the government.
— IANS
Reader Comments
Finally some good news for the youth! My cousin recently got a job under this scheme and said the process was smooth. The focus on formal employment will also help people get PF and other benefits. 👍
Interesting to see India's focus on formalizing the workforce. The Rs 99k crore budget is massive - let's hope the execution matches the ambition. As someone who follows global economies, this could be a model for other developing nations. 📊
The 4-year incentive for manufacturing is a smart move - we need to boost our 'Make in India' efforts. But I wish the scheme also covered gig workers and those in the unorganized sector. They need support too. 🤔
As a researcher studying labor economics, I'm cautiously optimistic. The 15 lakh jobs created is impressive, but we need to track how many of these become permanent positions. Still, credit where due - this is a well-thought-out scheme. 📝
Beta, this is good for the country. Our younger generation needs jobs with dignity. My grandson got placed through this scheme in a small factory near Chennai. The Rs 3,000 monthly incentive for employers is helping small businesses too. Jai Hind! 🇮🇳
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