PM Modi launches Rs 1 lakh crore Viksit Bharat Rozgaar Yojna; here's how the scheme would work

PM Modi Independence Day Address: On India’s 79th Independence Day, Prime Minister Narendra Modi announced a big new plan to create jobs and help the economy grow. Called the Pradhan Mantri Viksit Bharat Rozgaar Yojna, this Rs 1 lakh crore scheme is designed to open up job opportunities in sectors that have the most potential for growth.

Viksit Bharat Rozgaar Yojana: Jobs and skills go hand in hand

PM Modi told the nation from the Red Fort that this scheme isn’t just about creating jobs but also about building skills and encouraging entrepreneurship. “This will help strengthen India’s workforce and provide real chances across many industries,” he said.

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How the PM-VBRY scheme works

The scheme offers a two-part incentive structure to encourage both employees and employers:

Part A – For first-time employees

Eligibility: Salaries up to Rs 1 lakh a month

Incentive: One month’s Employees’ Provident Fund (EPF) contribution (up to Rs 15,000), paid in two instalments — after six months of continuous employment and again after 12 months, once financial literacy training is completed

Long-term security: A portion of this incentive is locked into a savings instrument for future security

Part B – For employers

Eligibility: Salaries up to Rs 1 lakh a month

Incentive: Up to Rs 3,000 per month for each new hire, paid for two years (extended to the third and fourth years in manufacturing)

Hiring rules:

Firms with fewer than 50 employees must add at least two workers

Firms with 50 or more employees must add at least five workers

Jobs must be retained for at least six months

Payment process:

Employees receive incentives via Direct Benefit Transfer linked to Aadhaar

Employers get payments credited directly to PAN-linked bank accounts

Reaching cities and villages alike

The plan targets both city and rural areas. It focuses on sectors like infrastructure, green energy, manufacturing, and digital services. Government officials said the funding will be linked to actual results, so it’s not just money spent but jobs created.

Long-term focus, especially for young people

Unlike quick fixes, this scheme aims to create lasting employment. It’s meant to close the gap between training and getting a real job, especially for young people stepping into the workforce for the first time.

Why this matters now

India’s economy is growing, but there are still worries about the number and quality of jobs, especially in rural areas and for youth. Officials believe this large-scale initiative can help fill those gaps and also inspire more young people to start businesses or join fast-growing industries.

What happens next?

More details on how this scheme will roll out are expected soon. The government plans to team up with state governments, private companies, and skill-training bodies. There might also be incentives for companies that hire workers or invest in skill-building.

A step toward India’s 2047 goals

For Modi and his government, this scheme sends a clear message: jobs and economic growth are top priorities as India aims to become a fully developed nation by 2047.