**Executive Summary**
On June 19, 2026, Prime Minister Narendra Modi addressed the disbursement of incentives under the Pradhan Mantri Viksit Bharat Rozgar Yojana, a scheme that has facilitated seven million jobs and social security for first-time employees. The address highlighted the direct transfer of over 2,000 crore rupees to approximately one million beneficiaries who completed six months of employment. The document underscores the government's strategy to achieve a developed India by 2047 through industrial growth, labor reforms, and youth empowerment.
**Key Points / Main Content**
**Employment and Financial Milestones**
* **Job Creation:** Approximately 7 million jobs have been created under the scheme, with 7 million first-time employees receiving social security coverage.
* **Direct Incentives:** Over 2,000 crore rupees have been transferred directly to the bank accounts of nearly 1 million youth upon completing six months of their first jobs.
* **Bridging the Gap:** The scheme serves as a bridge between youth and industry, encouraging employers to expand by providing government support for new hires.
**Sectoral Development and Innovation**
* **Digital and Startup Growth:** Registered startups have grown from 500 to over 200,000, while the digital economy now encompasses the gig economy, platform economy, and content creation.
* **Emerging Technologies:** Significant growth is noted in the drone sector (agriculture, mapping, and defense), space exploration, AI, and green energy.
* **Financial Support Systems:** The Mudra Yojana has provided 33 lakh crore rupees in assistance, while 12 lakh crore rupees have been invested in infrastructure to build an employment foundation.
**Labor Reforms and Social Security**
* **System Modernization:** The EPFO system has been modernized, and pension arrangements have been simplified to increase accessibility.
* **New Labor Codes:** Recent reforms focus on transparency, legal recognition of appointment letters, equal facilities for fixed-term employees, and the expansion of minimum wage scope.
* **Worker Dignity:** Efforts include linking employment with health insurance and affordable treatment facilities to ensure the security and dignity of the workforce.
**Global Trade and Quality Standards**
* **International Agreements:** India has signed free trade agreements with nearly 40 countries, opening new markets for "Make in India" brands.
* **Focus on Excellence:** The industrial sector is urged to prioritize "Quality" across education, skills, services, products, and packaging to meet global standards.
**Impact Analysis**
**Youth and First-time Employees**
**Impact**
They receive financial incentives, social security, and health insurance, providing a secure start to their professional careers and boosting confidence.
**Action Required**
Focus on continuous learning, skill development, and leveraging government platforms for innovation and entrepreneurship.
**Industrialists and Institutions**
**Impact**
They benefit from government-backed hiring incentives and a shift away from restrictive regulations that previously hindered business expansion.
**Action Required**
Embrace global competition, invest in domestic manufacturing, and provide mandatory training, mentorship, and internships for the 21st-century workforce.
**Women**
**Impact**
Over 10 crore women are connected to Self Help Groups, with 3 crore becoming "Lakhpati Didis." Workplace safety and flexibility have been enhanced through policy changes.
**Action Required**
Take advantage of relaxed restrictions on night shifts and work-from-home facilities to increase participation across all economic sectors.
Key Entities Referenced
Pradhan Mantri Viksit Bharat Rozgar Yojana: A primary employment scheme designed to provide incentives to first-time employees and bridge the gap between youth and industry.
Mudra Yojana: A financial initiative providing credit assistance to young people to support self-employment and entrepreneurship.
Labor Codes: New legislative reforms aimed at enhancing worker security, transparency, and rights through legal recognition of appointment letters and minimum wages.
EPFO (Employees' Provident Fund Organisation): A modernized social security system mentioned as a key mechanism for providing pensions and financial security to workers.
Make in India: A national campaign and manufacturing initiative focused on creating new job opportunities and self-employment across various industrial sectors.
Prime Minister's Office
English rendering of PM’s address while
disbursing incentives under the Pradhan Mantri
Viksit Bharat Rozgar Yojana in New Delhi
प्रव तथ: 19 JUN 2026 8:35PM by PIB Delhi
My cabinet colleague Shri Mansukh Mandaviya ji, sister Shobha ji, all the distinguished personalities
connected with different programs across the country and with technology, and as the moderator just
mentioned, about two lakh people are connected with this program at 200 locations right now - I extend
my heartfelt greetings to all of them, even if from afar. I also see many eminent personalities from the
industrial world present here today, and of course, the enthusiasm of the young companions is clearly
visible in such large numbers.
Today, in the young companions connected with this program, I see the picture of India’s bright future.
Just a few hours ago, I returned from my visit to France and Slovakia. I met the leaders of the developed
nations at the G-7. The world today is talking about India’s youth power. Everywhere, there is discussion
about India’s talent, skill, and potential. The world has begun to truly recognize the capability of India’s
youth. And at such a time, our effort is that every young person in India can turn their capability into
opportunity. With this vision, the Prime Minister Viksit Bharat Rozgar Yojana has been launched. This
employment scheme goes far beyond the usual idea of an employment plan - it is a scheme that empowers
the dreams of youth getting their first job. It is a scheme that builds a strong bridge between youth and
industries.
Friends,
Usually, schemes are made either for employees or for industries. But this is one such scheme that takes
along both - my capable youth, prosperous youth, towards the future and towards industrial development.
When a young person starts their first job, the government stands with them. And therefore, the
industrialist also feels that this person has not come alone, the entire government stands behind them.
Because of this, the perspective of the industrialist towards such youth changes. And the institutions that
create new employment, the government also encourages them. Earlier, some rules and systems here were
such that people were a little afraid of growing bigger, thinking that if they grew, they would get entangled
in restrictions. So they felt it was better to remain small. And if there was a possibility of growth, they
thought instead of expanding, let’s start another small one. Today, that mindset has changed. Everyone
should get the courage to grow bigger, their hopes should get wings, and industries also need this. This
scheme has opened that door, and this is its greatest feature. Just a short while ago, I sat with some
beneficiary youth and listened to their experiences. Some were those who got their first job, and some
were those who, under this scheme, gave jobs to others. Honestly, the confidence in those young people
was remarkable, it felt as if they had conquered the world. Their dreams, their faith - this is truly our
greatest capital.
Friends,With the support of the Prime Minister Viksit Bharat Rozgar Yojana, about 7 million jobs have been
created so far. Around 7 million first-time employees have also received the cover of social security.
About 2 million youth have already completed six months in their first job. And today, nearly 1 million of
these young companions, upon completing six months in their first job, have received incentives under
this scheme as beneficiaries. More than 2,000 crore rupees have directly reached their bank accounts. This
amount is not just financial assistance - it is respect for their hard work. It is the expression of the nation’s
faith in their bright future.
Friends,
I am equally delighted for those institutions that have given opportunities to our young people, recognized
the hidden potential within them, and therefore, those who provided these opportunities deserve just as
much appreciation. These very institutions have created millions of jobs in recent months. And just now,
as Mansukh bhai shared the figures, I hope the media pays attention to these numbers. The people of the
country will be filled with joy knowing that such a massive effort is underway. These figures and
experiences clearly show that when the government, youth, and industry move forward together, the pace
of job creation multiplies many times over. The Prime Minister Viksit Bharat Rozgar Yojana is the identity
of this new India - an India where youth get opportunities, industries receive encouragement, and
employment creation becomes a national campaign.
Friends,
India is one of the youngest countries in the world. Therefore, the path to a developed India also moves
forward through the dreams, skills, and capabilities of our youth. Our effort is that every young person in
the country should progress as far as their ability allows. Whoever has talent should get opportunities.
Whoever has ideas should get a platform for innovation. And whoever wants to achieve something on
their own should receive full support. I firmly believe that in a youthful country like India, the more
sources of opportunity there are, the higher the flight of young dreams will be. With this vision, over the
past 12 years, every avenue of employment has been strengthened. From infrastructure to innovation,
manufacturing to the digital economy, space to start-ups - new opportunities have been created in every
sector. The Make in India campaign, Vocal for Local, the mission to take local to global, Mission
Manufacturing - all these initiatives are creating new opportunities for jobs and self-employment in the
country. Today, from cars to metro coaches, train compartments to defense equipment, exports are rapidly
increasing across many sectors. This is happening because manufacturing in India is growing, factories are
increasing, and the number of people working in them is also rising.
Friends,
In the past 12 years, the policies and decisions of the Government of India have continuously created new
sectors of employment in the country. Today, investment of more than 12 lakh crore rupees in
infrastructure is becoming the foundation for millions of youth. Under the Mudra Yojana, assistance of
more than 33 lakh crore rupees has given crores of young people the opportunity to start their own work.
More than 10 crore women are connected with Self Help Groups, and over 3 crore have become “Lakhpati
Didis.” Initiatives like SVANidhi and PM Vishwakarma have provided small entrepreneurs, street
vendors, and traditional artisans with new technology, new financial support, and new strength. Among
the young people I was speaking with recently, one youth who had graduated from ITI was
enthusiastically engaged in making drones. Let me give you an example from the drone sector itself.
Whether it is the supply of medicines, spraying of pesticides, mapping under the SVAMITVA scheme, or
use in defense - the use of drones in the country is continuously increasing. And this growing use of
drones is creating new jobs for youth. That young man, though just out of ITI, said with confidence:“Don’t just watch video drones, start making drones yourself - you can do it.” He spoke with such
confidence. The decision of our government to open up the space sector has also greatly benefited the
youth.
Friends,
In the past decade, the digital economy has also created a whole new world of opportunities. Whether it is
the gig economy, platform economy, content creation, or technology services - new areas of employment
are rapidly emerging. Opportunities that were once unimaginable have now become sources of income for
millions of youth. The same transformation is visible in the startup ecosystem. At one time, there were
about 500 startups in the country. Today, there are more than 200,000 registered startups, and you will find
startups in every district of the nation. These figures inspire confidence that India’s youth, in the coming
years, will lead the world in growth, innovation, and entrepreneurship.
Friends,
Today, the whole world is excited about India’s future. Everyone is confident about the power of India’s
youth. You must have seen the grand “India Innovates” program in France. In fields like AI, Space, Green
Energy, Biotechnology, India’s startups and global investors are emerging as a new force, coming forward
to work together. Today, India is entering into new trade agreements with the world - agreements that are
opening new markets for India’s industries, agreements that are creating new opportunities for India’s
professionals. In recent months, several important agreements have also been signed with many European
countries. These agreements are becoming a medium for creating millions of new jobs in the country.
Friends,
The world is preparing for the economy of the future. And India is preparing to lead the economy of the
future. The world is moving towards future technologies, and India is working to make its youth future-
ready. This is the greatest opportunity for India’s youth, and we must take full advantage of it.
Friends,
In the past 12 years, another major transformation has taken place in India’s employment landscape. It is
often discussed less, but in the journey of a developed India, its importance is immense. This
transformation is about linking employment with security and dignity. Our vision is secure employment.
Our vision is social security for every worker. That is why today, through technology, the EPFO system
has been modernized. Pension arrangements have been made simpler and more accessible. Millions of
new workers have also been connected with health insurance and affordable treatment facilities.
Friends,
We have also advanced labor reforms with this vision. The purpose of the new labor codes is to provide
workers with greater security, more transparency, and more rights. Whether it is giving legal recognition to
appointment letters, ensuring equal facilities for fixed-term employees, or expanding the scope of
minimum wages - every effort aims to strengthen both the dignity and security of workers.
Friends,
Our women power today is reaching new heights in every field. Therefore, an environment is being
created for women that is safe, respectful, and full of opportunities. Whether it is changing old restrictions
related to night shifts, providing the facility of work from home, or ensuring safe workplaces - we are
strengthening women’s participation even further.
Friends,Today, a large number of my companions from the industrial world are also present here. I have a request
for all of you. In the 21st century, opportunities will go to those countries that have skilled talent,
innovation, and quality. And today, India has an unprecedented capacity to advance in all three areas. That
is why I want to say to India’s industrial world - the opportunities before us today must be embraced with
full strength. We must reach new markets. We must create new products. We must compete with the
world’s best companies. Because today, the world is opening doors for India. Earlier, even a window was
not opened for us, friends - today, doors are opening. India has signed free trade agreements with nearly
40 countries, and we must take full advantage of them. These agreements are creating new markets,
making new markets accessible, and generating new opportunities for Make in India brands across the
world. Therefore, friends, we must not let these opportunities slip away.
Friends,
When the goals are big, the achievements are also big. When the vision is global, then success and
boundaries naturally expand. That is why training, mentorship, and internships are no longer optional -
they are necessities of the 21st century. India’s industrial sector must prepare a skilled workforce for itself
and also create new opportunities for the future. Because the path to a developed India will not be built by
investment alone, it will be built by the power of talent, skill, and innovation. And the greatest test of this
entire journey is only one thing, which I keep repeating to my companions in the industrial world - the
most powerful remedy to take advantage of all these circumstances is Quality. Quality of education.
Quality of skill. Quality of service. Quality of product. Even quality of packaging. If we want to survive in
the world, we must meet the highest global standards. If we want to move ahead in the world, excellence
must become our identity. Today, the world has great expectations from India. But I am confident that
India’s youth will not only meet those expectations, they will surpass them and show the world - proudly
and boldly. This is the strength of a developed India. This is the identity of my young companions, of our
youth, of their capability and their power.
Friends,
Dreams grow only where they are realized. The fulfillment of one dream opens the path to a bigger dream.
And this is exactly what is happening in India today. I understand the impatience of India’s youth, and I
want to say one thing to them - your dreams, I repeat, my young companions, your dreams are Modi’s
resolve! Every step you take towards success is also my inspiration. And yes, even in failure, there is no
need to be disheartened. Every failure teaches us something. I always tell those in the sports world - when
you step onto the field, no one loses. One wins, and the other learns. No one loses. The true measure of a
young mind is to continuously learn from failures, to realize dreams, and after every achievement, to give
birth to new dreams. I have faith in the power of India’s youth. I trust in India’s entrepreneurship. With
this trust, once again, I extend my heartfelt congratulations to all of you. And by 2047, when the nation
celebrates 100 years of independence, India will be developed. This is our dream, this is our resolve. And I
believe, my young companions, we will see it with our own eyes - we will see a developed India
ourselves. Thank you very much. My best wishes to all of you.
DISCLAIMER -This is the approximate translation of Prime Minister's Speech. Original
Speech was delivered in Hindi.
****
MJPS/SS/VJ/ST
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