PM Modi to distribute Rs 2,400 crore in incentives today under Viksit Bharat Rozgar Yojana
New Delhi, June 19
Prime Minister Narendra Modi will distribute incentives worth around Rs 2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana at a special programme to be held at Vigyan Bhawan on Friday.
The scheme has facilitated the creation of around 15 lakh employment opportunities across the country since its launch, according to the Prime Minister's Office (PMO).
It has been designed to incentivise both employees and employers to join and 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.
PM-VBRY came into effect on August 1 last year. With a total outlay of Rs 99,446 crore, the scheme seeks to incentivise the creation of more than 3.5 crore jobs over a two-year period, including nearly 1.92 crore first-time entrants to the workforce.
— IANS
Reader Comments
Interesting approach from the Indian government. I've read similar employment incentive programs in other countries. The four-year support for manufacturing is smart - that sector needs long-term nurturing. But how will they ensure employers don't just hire and fire to claim benefits?
₹99,446 crore is a massive outlay! But the real test will be implementation at the grassroots level. Many young people in smaller towns don't even know about such schemes. The government should focus on awareness campaigns in regional languages too. But yes, good initiative otherwise!
Bade logon ka scheme hai... but is this really reaching the actual job seekers in villages? I've seen many in my area who still rely on MGNREGA. The formal economy push is good for IT and manufacturing hubs, but what about the rest? Let's hope the benefits trickle down.
As someone who follows Indian economic policy, this is ambitious. ₹15,000 per first-time employee might work in some sectors, but in service industries where turnover is high, employers might game the system. Still, any attempt to formalize the workforce is welcome. Let's see the data after 6 months.
Thank you, Modi ji! My brother just got his first job in a small manufacturing unit in Gujarat. The ₹15,000 incentive was a huge help for our family. 🙏 More such schemes for the youth please! Viksit Bharat ka sapna ab sach ho raha hai! 🇮🇳
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