On 15th August 2025, the Prime Minister launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY).

About Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)

• A flagship employment generation programme aligned with the Viksit Bharat Vision to promote inclusive and sustainable economic growth through employment-led development, particularly in the manufacturing sector.
• Nodal Ministry: Ministry of Labour and Employment
  • Objectives: Support first-time employees entering the formal workforce.
  • Incentivize employers to generate new, sustained employment.
  • Promote financial literacy and savings among youth.
  • Accelerate formalization by expanding EPFO-linked jobs.
• Targets & Coverage:
  • Outlay: ₹99,446 crore
  • Duration: 1 Aug 2025 – 31 Jul 2027
  • Total Jobs Targeted: More than 3.5 crore
  • First-time workforce entrants: 1.92 crore beneficiaries
  • Employers incentivized: Expected to generate about 2.6 crore new jobs

Significance

• Large-Scale Job Creation: Aims to directly benefit 3.5 crore youth, addressing India’s pressing employment challenge.
• Boost to Manufacturing Sector: Longer incentive duration aligns with India’s industrial growth and Atmanirbhar Bharat.
• Workforce Formalization: Expands EPFO coverage, ensuring social security for millions.
• Financial Inclusion: Mandatory financial literacy and savings-linked benefits inculcate long-term financial discipline.
• Multiplier Impact: Enhanced employment, income, consumption & growth cycle.

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