Viksit Bharat Rozgar Yojana: Rs 2,400 Crore Incentives Announced
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Prime Minister to disburse Rs 2,400 crore under PM-VBRY on June 19, with incentives of up to Rs 15,000 for first-time employees and up to Rs 3,000 per month for employers, as the scheme targets creation of over 3.5 crore jobs and expansion of formal employment across sectors.
✨ Key Takeaways
The Government of India announced a major disbursal under its employment-linked incentive scheme, with the Prime Minister set to distribute incentives worth around Rs 2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on June 19, 2026. The move is aimed at boosting job creation and expanding formal employment across sectors.
Government to Disburse Rs 2,400 Crore Under PM-VBRY
The disbursal marks a key milestone in the implementation of PM-VBRY, which was launched to accelerate job creation, promote formalisation of employment, and enhance social security coverage. The scheme has already facilitated employment for around 15 lakh beneficiaries across the country.
Incentives for Employees and Employers
Under the scheme, first-time employees are eligible for incentives of up to Rs 15,000, providing initial financial support as they enter the workforce. Employers are also incentivised, with benefits of up to Rs 3,000 per month for each additional employee hired, encouraging sustained job creation. Employers in the manufacturing sector can avail incentives for up to four years, while other sectors are eligible for two years.
Policy Framework and Financial Outlay
PM-VBRY came into effect on August 1, 2025, with a total outlay of Rs 99,446 crore. The scheme aims to generate over 3.5 crore jobs over a two-year period, with approximately 1.92 crore expected to be first-time entrants into the workforce. The initiative is designed to strengthen formal employment while expanding social security coverage.
Additional Details
The programme reflects the government’s focus on employment-led growth and aims to encourage both employers and workers to participate in the formal economy. By linking incentives to job creation, the scheme seeks to create a sustainable employment ecosystem.
About the Scheme
The Pradhan Mantri Viksit Bharat Rozgar Yojana is a flagship employment-linked incentive scheme focused on generating large-scale formal employment opportunities. It targets both workforce entry-level support and employer-driven job creation through financial incentives.
The scheme plays a key role in advancing India’s broader economic agenda by promoting formalisation, improving employability, and expanding access to social security benefits.
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Disclaimer: The article is for informational purposes only and not investment advice.