India, Aug. 18 -- The Government of India issued the following news release:
The Pradhan Mantri Viksit Bharat Rozgar Yojana portal, facilitating registrations under the Pradhan Mantri Viksit Bharat Rozgar Yojana announced by Prime Minister Narendra Modi in his 12th Independence Day address, has gone live.
The Union Cabinet on 1st July 2025 approved the Employment Linked Incentive Scheme, named as Pradhan Mantri Viksit Bharat Rozgar Yojana. With an outlay of rs 99,446 Crore, the scheme aims to incentivize creation of more than 3.5 Crore jobs in the country, over a period of two years.
Pradhan Mantri Viksit Bharat Rozgar Yojana aims to support employment generation, enhance employability and social security, across all sectors, with special focus on the manufacturing sector. The benefits of the scheme would be applicable to jobs created between 1st August 2025 and 31st July, 2027.
The scheme will provide incentive of up to rs 15,000 in two instalments to newly employed youth and upto 3000 per month per new employee to employers for creation of new job opportunities.
All payments to the First Time Employees under Part A of the Scheme will be made through Direct Benefit Transfer (DBT) mode using Aadhaar Bridge Payment System (ABPS). Payments to the Employers under Part B will be made directly into their PAN-linked Accounts.
The rest of the document can be viewed at https://www.pib.gov.in/PressReleasePage.aspx?PRID=2157513
Disclaimer: Curated by HT Syndication.
