Union Coal and Mines Minister G. Kishan Reddy participated in the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) programme held at RTC Kala Bhavan, RTC Cross Roads, Hyderabad on Friday, June 19, 2026, where Prime Minister Narendra Modi addressed attendees and disbursed incentives worth Rs. 2,400 crore to beneficiaries across the country.

Context

Kishan Reddy, who also serves as BJP Telangana state president, joined the programme at the Hyderabad venue as Prime Minister Modi outlined the government's roadmap for a developed India — Viksit Bharat — driven by the aspirations, skills, and potential of India's youth. The minister noted that the PM described new opportunities emerging across sectors including infrastructure, manufacturing, innovation, the digital economy, startups, and space.

In his address, the Prime Minister framed India's economic trajectory as a progression from 'Vocal for Local' to 'Local for Global' — signalling an ambition to convert domestic production strength into export-oriented global competitiveness.

Policy Backdrop

The PM-VBRY is a central employment generation programme that links youth skilling to high-growth sectors. It sits within a broader policy architecture that includes the Skill India Mission (launched 2015), the Startup India initiative (2016), and the Production Linked Incentive (PLI) schemes rolled out from 2020 across manufacturing verticals.

The Viksit Bharat @2047 vision, articulated by Prime Minister Modi in 2022-23, sets a national goal of developed-nation status by the centenary of India's independence. PM-VBRY is positioned as a direct instrument for translating that vision into employment outcomes for skilled jobseekers.

The event also extends the Atmanirbhar Bharat framework, which emphasised self-reliance in manufacturing and supply chains, into a more outward-looking phase focused on global market integration across digital and deep-tech domains.

Stakeholders and Impact

The primary beneficiaries of PM-VBRY are India's youth — skilled jobseekers seeking placements in manufacturing, services, and emerging sectors such as the space economy and digital startups. The incentive disbursement of Rs. 2,400 crore announced at the event is intended to accelerate employer participation in the scheme by subsidising hiring costs.

Telangana, as a state with a significant technology and services workforce, stands to benefit from the programme's emphasis on digital economy and startup opportunities. Hyderabad's selection as a venue underscores the city's role as a hub for both traditional industry and new-age enterprises.

What's Next

Attention will now turn to state-wise progress reports on PM-VBRY incentive utilisation and whether supplementary allocations are announced in the forthcoming Union Budget. The government's ability to demonstrate measurable employment outcomes — particularly in manufacturing and digital sectors — will determine the programme's political and policy traction ahead of the budget cycle.

With India's youth demographic remaining one of the largest in the world, sustained implementation of incentive-linked skilling schemes will be critical to realising the Viksit Bharat @2047 goal.