Context:
Prime Minister Narendra Modi released ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana, aimed at promoting formal employment, expanding social security coverage and creating quality jobs for India’s youth.
Pradhan Mantri Viksit Bharat Rozgar Yojana
Type
- Central Sector Scheme
Ministry
- Ministry of Labour and Employment
Launch
- 1 August 2025
Implementation
- Employees’ Provident Fund Organisation
Outlay
- ₹99,446 crore
Objective
- Formal employment generation
- First-time workforce participation
- Employer-led job creation
- Expansion of social security coverage
Target
- More than 3.5 crore jobs in 2 years
- Includes 1.92 crore first-time employees
Key Features
Employee Incentive
First-time EPFO-registered employees earning salary up to ₹1 lakh per month receive incentive up to ₹15,000.
Employer Incentive
Employers receive up to ₹3,000 per month per additional employee for 2 years.
The manufacturing sector gets extended support.
Progress
- ₹2,400 crore disbursed
- 70 lakh+ first-time employees formalised
- Around 30% women beneficiaries
- 15 lakh+ beneficiaries supported
Significance
- Promotes formalisation of labour.
- Strengthens social security coverage.
- Encourages youth employment.
- Supports women’s workforce participation.
- Incentivises employers to create jobs.
- Helps bridge the gap between skills and formal employment.
