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Key Points

Madhya Pradesh CM Mohan Yadav extended Independence Day greetings while highlighting PM Modi's Viksit Bharat Rozgar Yojana. The Rs 1 lakh crore scheme aims to create 3.5 crore jobs with financial incentives for both employees and employers. Yadav pledged state support to achieve Modi's vision of a developed India by 2047. The scheme particularly benefits first-time employees and focuses on boosting manufacturing sector employment.

Key Points: MP CM Mohan Yadav Hails PM Modi's Viksit Bharat Rozgar Yojana

  • PM Modi announced Rs 1 lakh crore job scheme from Red Fort
  • Scheme targets 3.5 crore jobs in 2 years
  • Employees to get up to Rs 15,000 in incentives
  • Employers to receive Rs 3,000 monthly for new hires
3 min read

Madhya CM extends Independence Day greetings, says PM Viksit Bharat Rozgar Yojana will empower youth

Madhya Pradesh CM Mohan Yadav praises PM Modi's Rs 1 lakh crore job scheme, calling it a game-changer for youth employment.

"Through PM Viksit Bharat Rozgar Yojana, youths have got a new direction and resolve. - CM Mohan Yadav"

Bhopal, August 15

Madhya Pradesh Chief Minister Mohan Yadav on Friday extended his greetings on the occasion of the 79th Independence Day and said that the PM Viksit Bharat Rozgar Yojana, announced by Prime Minister Narendra Modi from the Red Fort, would provide a new direction and resolve to the youth.

In a statement, CM Mohan Yadav said, "I extend my heartiest greetings on Independence Day to everyone. Prime Minister Modi praised the valour of our armed forces from the ramparts of the Red Fort. PM Modi expressed his resolve about the employment of youth, and under it, 3,5 crore youths would get employment opportunities. Through PM Viksit Bharat Rozgar Yojana, youths have got a new direction and resolve."

He further added that the state government would take the Prime Minister's resolve as a mission and work towards the development of Madhya Pradesh.

"Prime Minister Modi said that the next generation Goods and Services Tax (GST) reforms will be a Diwali gift for the country...The state of Madhya Pradesh is committed to fulfilling Prime Minister Modi's resolve of Viksit Bharat by 2047," he added.

During his 12th Independence Day address from the historic Red Fort, PM Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana with an outlay of Rs 1 lakh crore. The scheme aims to create over 3.5 crore jobs in the next two years. Under the scheme, new employees will receive incentives of up to Rs 15,000 in two instalments, while employers will be provided up to Rs 3,000 per month for creating new job opportunities.

Targeting first-time employees registered with EPFO, Part A will offer one-month EPF wage up to Rs 15,000 in two instalments. Employees with salaries up to Rs 1 lakh will be eligible for the incentives. The 1st instalment will be payable after 6 months of service and the 2nd instalment will be payable after 12 months of service and completion of a financial literacy programme by the employee. To encourage the habit of saving, a portion of the incentive will be kept in a savings instrument or a deposit account for a fixed period and can be withdrawn by the employee at a later date.

Part A will benefit around 1.92 crore first-time employees.

This part will encourage the generation of additional employment in all sectors, with a special focus on the manufacturing sector. The employers will get incentives with respect to new employees with salaries up to Rs 1 lakh. The Government will incentivise employers with up to Rs 3000 per month for two years for each additional employee who is sustained for at least six months. For the manufacturing sector, incentives will be extended to the 3rd and 4th years as well.

This part is expected to incentivise employers for the creation of additional employment for nearly 2.60 crore persons.

- ANI

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Reader Comments

S
Shreya B
Sounds promising but we've heard similar big announcements before. Will wait to see actual job creation numbers. The manufacturing sector focus is good though - we need to boost Make in India.
A
Aditya G
As someone who completed engineering last year and still searching for job, this gives me hope. ₹15,000 incentive may seem small but will help freshers like me during initial months. Jai Hind!
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Priyanka N
The scheme looks good on paper but implementation is key. Many small businesses might find the paperwork cumbersome. Government should simplify the process for MSMEs to participate.
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Karthik V
Excellent move! The 4-year incentive for manufacturing sector shows long-term vision. This could finally bring factories back to MP like in old days. CM Yadav should ensure local youth get priority in these jobs.
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Nisha Z
While the scheme is welcome, government should also focus on skill development. Many graduates aren't industry-ready. More ITIs and vocational training centers needed along with such employment schemes.
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Varun X
₹1 lakh crore investment is huge! Hope this money is properly utilized and monitored. Corruption has ruined many good schemes in past. Transparency portal should be created to track job creation in real-time.

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