New Delhi, Jun 19: Prime Minister Narendra Modi on Thursday said that nearly 70 lakh new jobs have been created so far under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), with an equal number of first-time employees brought under the ambit of social security. The PM disbursed incentives worth around Rs 2,400 crore to 15 lakh beneficiaries across the country, marking a significant milestone in the government’s flagship employment-linked incentive scheme.
Addressing beneficiaries, industry representatives, and stakeholders shortly after returning from his visit to France and Slovakia, the Prime Minister noted that close to 20 lakh young people have completed six months in their first jobs, while around 10 lakh beneficiaries have already received incentives upon completing this milestone. More than Rs 2,000 crore has been directly transferred to beneficiaries’ bank accounts.
“Prime Minister Viksit Bharat Rozgar Yojana is much more than an employment scheme. It is an initiative designed to strengthen the aspirations of young people entering their first jobs while creating a robust bridge between industry and the workforce,” Modi remarked, noting that while many schemes focus either on employees or employers, this programme simultaneously supports both.
Modi further said that India’s youth will be at the forefront of driving global growth, innovation and entrepreneurship in the years to come.
In the 21st century, opportunities will belong to nations that nurture skilled talent, foster innovation and uphold the highest standards of quality, he said, adding that India has unprecedented capability in these three areas.
Under PM-VBRY, the government has provided an outlay of Rs 99,446 crore and targeted 3.5 crore job creation in two years.
Under the scheme, up to Rs 15,000 is provided for first-time employees. Employers get up to Rs 3,000 per month per new employee under the scheme.
To boost employment in the manufacturing sector, extended benefits are being provided for up to four years under the scheme.
