New Delhi, June 19: In a significant step towards empowering India’s youth and strengthening formal employment, Prime Minister Narendra Modi will today distribute incentives worth ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY).
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The initiative underscores the government’s commitment to creating sustainable employment opportunities and supporting young individuals as they enter the workforce. The incentives will be transferred directly to more than 15 lakh beneficiaries through the Direct Benefit Transfer (DBT) mechanism, ensuring transparency and timely assistance.
Speaking about the programme, Union Labour and Employment Minister Dr. Mansukh Mandaviya highlighted the scheme’s positive impact since its launch in August last year. More than 63 lakh individuals have been brought into the formal workforce under PM-VBRY, with nearly 30 per cent of the beneficiaries being women, reflecting the scheme’s contribution towards greater workforce participation and gender inclusion.
The programme also provides special support to first-time job seekers. Young individuals securing their first employment opportunity will receive financial assistance of up to ₹15,000 in two instalments, helping them transition into the professional world with greater confidence and financial security.
Dr. Mandaviya noted that over 80 per cent of the establishments benefiting from the scheme are small enterprises employing fewer than 25 workers. By supporting these businesses, PM-VBRY is helping generate employment at the grassroots level while strengthening the country’s micro and small enterprise ecosystem.
The initiative forms a key part of the government’s broader vision of harnessing the potential of India’s “Yuva Shakti” by creating opportunities, encouraging entrepreneurship, and promoting inclusive economic growth. As employment generation continues to remain central to India’s development journey, PM-VBRY is emerging as an important bridge connecting aspiring youth with meaningful livelihood opportunities.