What is the Rs 1 lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana launched by PM Modi?
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Synopsis
Prime Minister Narendra Modi has launched the Rs 1 lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana, a transformative employment initiative aimed at generating 3.5 crore jobs for India's youth. This ambitious scheme incentivizes first-time employees and private sector employers, marking a significant step towards enhancing job opportunities in the country.
Key Takeaways
- The Viksit Bharat Rozgar Yojana is a Rs 1 lakh crore initiative.
- It aims to create approximately 3.5 crore jobs.
- Young individuals will receive Rs 15,000 for their first job.
- Employers can earn up to Rs 3,000 monthly per new hire.
- The scheme emphasizes economic empowerment for youth.
New Delhi, Aug 15 (NationPress) In a pivotal address on Independence Day, Prime Minister Narendra Modi disclosed the launch of the Rs 1 lakh crore Viksit Bharat Rozgar Yojana, a comprehensive employment initiative aimed at revolutionizing job prospects for India's youth.
“There is significant news for the country’s youth,” PM Modi proclaimed from the historic Red Fort. “Today, we are initiating and implementing a scheme worth Rs 1 lakh crore for the youth of my nation,” he stated.
This initiative, commencing from August 15, is crafted to incentivize both new employees and private sector businesses.
As part of the program, any young individual landing their first job in the private sector will receive Rs 15,000 directly from the government. “The son or daughter who secures their first position will be granted Rs 15,000 by the government,” PM Modi emphasized, highlighting the scheme's significance in facilitating entry into formal employment.
To further enhance job creation, companies that maintain stable employment will receive financial rewards.
Employers who hire new personnel will qualify for up to Rs 3,000 monthly for each new employee, with additional benefits for the manufacturing sector.
The initiative is projected to generate approximately 3.5 crore new jobs in the next two years, with 1.92 crore beneficiaries entering the workforce for the first time.
The Ministry of Labour & Employment, alongside the Employees’ Provident Fund Organisation (EPFO), will manage the execution.
PM Modi positioned this initiative as a fundamental element of the Viksit Bharat mission, aimed at fostering a developed and inclusive India by 2047.
“This is my gift to the youth—a double Diwali celebration,” he stated, vowing economic empowerment and national advancement.
With its dual emphasis on youth and enterprise, the Viksit Bharat Rozgar Yojana stands as one of the most ambitious employment-linked reforms in recent times.
As registration commences, millions of young Indians and businesses are anticipated to gain from this transformative leap towards job-centric development.
Point of View
I believe the launch of the Viksit Bharat Rozgar Yojana is a significant step forward in addressing India's employment challenges. By focusing on youth and incentivizing private sector job creation, this initiative could pave the way for a more robust and inclusive economy. The government's commitment to fostering job opportunities is commendable, and as we move towards 2047, this scheme could play a crucial role in building a developed India.
NationPress
05/10/2025
Frequently Asked Questions
What is the Viksit Bharat Rozgar Yojana?
The Viksit Bharat Rozgar Yojana is a Rs 1 lakh crore employment initiative launched by PM Modi aimed at generating 3.5 crore jobs for India's youth.
How much financial support does the scheme provide?
Young individuals securing their first job in the private sector will receive Rs 15,000 directly from the government.
What incentives are offered to employers?
Employers hiring additional staff can receive up to Rs 3,000 per month for each new employee, with extended benefits for the manufacturing sector.
When did the scheme start?
The Viksit Bharat Rozgar Yojana commenced on August 15.
Who will oversee the implementation of this initiative?
The Ministry of Labour & Employment, in collaboration with the Employees’ Provident Fund Organisation (EPFO), will manage the execution of the scheme.
