Government Launches Rs 1 Lakh Crore Employment Scheme: PMVBRY

The government unveiled the Pradhan Mantri Viksit Bharat Rozgar Yojana, aimed at creating over 3.5 crore jobs. With a Rs 1 lakh crore budget, the scheme offers incentives for both first-time employees and employers, supporting job creation across various sectors, especially manufacturing, starting August 2025.

The government has officially launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), a substantial employment scheme aimed at generating over 3.5 crore jobs across the nation.

With a massive financial outlay of Rs 1 lakh crore, this initiative seeks to incentivize the hiring of fresh employees and support employers through specific benefits.

The scheme highlights creating new employment opportunities in various sectors and includes incentives tailored to benefit both first-time employees and employers significantly, focusing predominantly on the manufacturing sector.

(With inputs from agencies.)