Pradhan Mantri Viksit Bharat Rozgar Yojana: A New Era for Employment and Youth Empowerment
The Union Government has launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) to address the dual challenge of youth employability and enterprise competitiveness. With an outlay of ₹1 lakh crore, the scheme aims to create 3.5 crore jobs over two years. It provides direct financial incentives to first-time employees (up to ₹15,000) and employers (up to ₹3,000 per month). This initiative focuses on formalizing the workforce by ensuring new workers are linked to social security systems from their first day of employment, supporting the broader 'Viksit Bharat 2047' vision.
Key Points
- PMVBRY offers direct benefit transfers to first-time employees to encourage formal sector participation.
- The scheme reduces entry barriers for workers while lowering hiring risks for businesses through government subsidies.
- Social security coverage in India has surged from 19% in 2015 to 64.3% in 2025, reaching 94 crore beneficiaries.
- The initiative aligns with the Production-Linked Incentive (PLI) and Make in India schemes to boost manufacturing.
Exam Facts
- Scheme Outlay: ₹1 lakh crore.
- Incentives: Up to ₹15,000 for employees; ₹3,000/month for employers.
- Demographic Fact: 65% of India's population is under 35 years of age.
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