PM Viksit Bharat Rojgar Yojana: A Game-Changer for Youth Employment in India
On August 15, 2025, during his Independence Day address from the historic Red Fort, Prime Minister Narendra Modi announced the launch of the PM Viksit Bharat Rojgar Yojana, an ambitious employment scheme aimed at empowering India’s youth and boosting job creation across key sectors.
Direct Financial Support for First-Time Job Seekers
Under this new initiative, first-time private sector employees will receive ₹15,000 in direct financial assistance. This benefit is available to individuals with a monthly salary of ₹1,00,000 or less, who are registered under the Employees’ Provident Fund Organisation (EPFO).
The financial aid will be provided in two installments:
- The first installment after six months of continuous employment.
- The second installment after 12 months of service, combined with the completion of a financial literacy program.
This approach ensures that beneficiaries not only gain employment but also acquire essential money management skills.
Incentives for Employers to Generate More Jobs
The PM Viksit Bharat Rojgar Yojana is equally beneficial for employers. Companies that hire eligible first-time employees will receive a ₹3,000 monthly subsidy per employee for up to two years.
In the manufacturing sector, these incentives could extend to the third and fourth year, encouraging long-term hiring and workforce stability. This is expected to particularly benefit MSMEs (Micro, Small, and Medium Enterprises), which play a vital role in India’s employment landscape.
Target Sectors and Expected Impact
The scheme focuses on generating new jobs in manufacturing, services, and technology sectors. With a special emphasis on MSMEs, the initiative is projected to benefit over 3.5 crore young people across the country.
By promoting formal employment, the program is expected to improve job security, ensure timely wages, and provide access to social security benefits.
PM Modi’s Vision for Inclusive Growth
In his speech, Prime Minister Modi spoke passionately about his personal connection with poverty, stating that he understands its struggles from lived experience. He emphasized that the government must be proactive and accessible, not just confined to offices.
The Prime Minister also highlighted complementary initiatives such as the Lakhpati Didi Yojana for women empowerment and upcoming GST reforms aimed at reducing tax burdens for street vendors and small traders.
Why This Scheme Matters
- Boosts Youth Employment – Encourages young people to join the formal workforce.
- Supports Employers – Reduces hiring costs, enabling businesses to expand staff.
- Encourages Skill Development – Links financial aid to financial literacy training.
- Strengthens MSMEs – Gives small and medium enterprises a much-needed hiring push.
Conclusion
The PM Viksit Bharat Rojgar Yojana is more than just a job creation program—it’s a strategic step towards building a stronger, self-reliant, and skilled workforce. By addressing the needs of both job seekers and employers, this initiative has the potential to transform India’s employment landscape.
If implemented effectively, it could pave the way for sustainable economic growth, improved living standards, and a future where every young Indian has access to dignified and well-paying jobs.
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