New Delhi: Prime Minister Shri Narendra Modi will distribute incentive amounts totaling approximately ₹2,400 crore under the ‘Pradhan Mantri Viksit Bharat Rozgar Yojana’ (PM-VBRY) at a special event to be held at Vigyan Bhawan, New Delhi, on June 19, 2026, at 5 PM.
This payment marks a significant milestone in the implementation of PM-VBRY. It is a key employment-linked incentive scheme of the Government of India, aimed at boosting employment opportunities, formalizing employment, enhancing workforce capabilities, and expanding social security coverage across various sectors. So far, the scheme has helped generate 1.5 million employment opportunities nationwide.
PM-VBRY is designed to encourage both employees and employers to join the formal economy. Under this scheme, first-time employees are eligible for an incentive of up to ₹15,000, providing them with essential support as they enter the workforce. Employers who generate additional employment are eligible for an incentive of up to ₹3,000 per month for each additional employee, thereby fostering sustained job creation. Given the strategic importance of manufacturing in driving economic growth, employers in the manufacturing sector are eligible to receive incentives for four years, whereas employers in all other sectors can avail of incentives for two years.
This scheme reflects the government’s commitment to creating an environment conducive to employment-led growth and ensuring that the benefits of India’s economic progress translate into high-quality formal employment opportunities for the country’s youth.
PM-VBRY came into effect on August 1, 2025. With a total budget of ₹99,446 crore, the scheme aims to foster the creation of over 3.5 crore jobs within a two-year period. Approximately 1.92 crore of these beneficiaries are expected to join the workforce for the first time. By supporting both employees and employers, the scheme plays a pivotal role in boosting formal employment, strengthening social security coverage, and advancing the vision of ‘Viksit Bharat’. (PIB)
