PM Modi Launches ₹1 Lakh Crore Pradhan Mantri Viksit Bharat Rozgar Yojana to Create 3.5 Crore Jobs

On August 15, 2025, during his 79th Independence Day address from the Red Fort, Prime Minister Narendra Modi unveiled the Pradhan Mantri Viksit Bharat Rozgar Yojana—a ₹1 lakh crore nationwide initiative to boost employment opportunities for India’s youth. The scheme is a flagship component of the government’s Viksit Bharat 2047 vision, promising to create 3.5 crore jobs and accelerate India’s path toward inclusive economic growth.

Key Features of the Scheme

1. Direct Financial Support for First-Time Employees

• Any young person securing their first private sector job will receive ₹15,000 directly from the government.
• Objective: Ease the transition into formal employment and encourage youth participation in the organized sector.

2. Incentives for Employers

• Companies generating sustained employment will receive financial incentives.
• Employers hiring additional staff will be eligible for up to ₹3,000/month per new employee.
• Extended benefits are planned for the manufacturing sector to promote large-scale job creation.

3. Scale and Targets

• Total investment: ₹1 lakh crore.
• Total jobs to be created: 3.5 crore in the next two years.
• First-time workforce entrants: 1.92 crore beneficiaries.

4. Implementation and Oversight

• Implemented by the Ministry of Labour & Employment.
• Employees’ Provident Fund Organisation (EPFO) will track and verify beneficiaries.

PM Modi’s Vision and Remarks

• PM Modi described the scheme as a “gift to the youth”, calling it a double Diwali celebration for young Indians.
• “This is my gift to the youth of the country… designed to empower them economically while strengthening the nation’s growth journey.”
• The initiative aligns with the Atmanirbhar Bharat mission by combining youth empowerment with enterprise growth, ensuring that economic expansion is both inclusive and employment-led.

Expected Impact

• Boost to formal sector jobs, particularly in manufacturing and services.
• Encouragement for private sector expansion through wage support.
• Acceleration of youth economic participation, reducing underemployment.
• Strengthening of social security via EPFO enrolment.