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Current Affairs

Prime Minister Transfers ₹2,400 Crore Under PM Viksit Bharat Rozgar Yojana

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On June 19, 2026, Prime Minister Narendra Modi transferred ₹2,400 crore through Direct Benefit Transfer (DBT) to more than 15 lakh beneficiaries under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). Launched in August 2025 with a total outlay of ₹99,446 crore, the scheme aims to generate 3.5 crore jobs by July 2027. It incentivizes first-time formal employees with up to ₹15,000 and employers with up to ₹3,000 per month per additional employee. Over 70 lakh jobs have been created so far, with nearly 30% of new first-time employees being women. More than 80% of incentivized establishments have fewer than 25 employees.

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Key Facts

  • Date of transfer: 19 June 2026
  • Amount transferred: ₹2,400 crore via Direct Benefit Transfer
  • Beneficiaries: Over 15 lakh first-time employees and employers
  • Scheme launch date: August 2025
  • Total scheme outlay: ₹99,446 crore
  • Job creation target: 3.5 crore jobs between 1 August 2025 and 31 July 2027
  • Incentives to employees: Up to ₹15,000 in two installments (₹7,500 after 6 months, balance after 12 months subject to financial literacy course completion)
  • Incentives to employers: Up to ₹3,000 per month per additional employee with salary up to ₹1,00,000, for 2 years, extended to 4 years in manufacturing sector
  • Jobs created so far: Over 70 lakh
  • Women participation: Approximately 30% among first-time employees
  • Establishments: More than 80% have fewer than 25 workers
  • Minimum additional jobs for employer eligibility: 2 for establishments with less than 50 baseline employees, 5 if baseline is 50 or more

Background & Context

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), also known as the Employment Linked Incentive (ELI) Scheme, was approved by the Union Cabinet and came into effect from 1 August 2025. It is a flagship scheme of the Government of India aimed at accelerating formal employment generation with a focus on first-time employees entering the workforce and employers creating additional jobs. The scheme covers all sectors, with special emphasis on the manufacturing sector, to boost economic growth through employment-led development. Payments are made via Direct Benefit Transfer to ensure transparency and efficiency.

Why This Matters for Exams

PM-VBRY is a major government employment initiative reflecting India’s efforts to boost job creation and formalize the workforce. It is relevant for competitive exams on current affairs, government schemes, labour policies, and economic development strategies. Understanding its eligibility criteria, incentives, implementation timeline, and impact provides insight into India’s employment and social security framework.

Points to Remember

  • Scheme period: 1 August 2025 to 31 July 2027
  • Total budget: ₹99,446 crore over two years
  • Target jobs: 3.5 crore including 1.92 crore first-time employees
  • Employee incentives paid in two parts, subject to continuous employment and financial literacy training
  • Employer incentives vary by salary slab: ₹1,000 to ₹3,000 per month per new employee for 2 years (4 years for manufacturing)
  • Minimum new employees required for eligibility depends on establishment size
  • Focus on formalization and social security coverage via EPFO registration
  • Scheme advances inclusive growth with focus on youth and women
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