**Executive Summary**
On 19 June 2026, Prime Minister Narendra Modi will disburse approximately ₹2,400 crore in incentives under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at Vigyan Bhawan, New Delhi. The scheme, launched on 1 August 2025, aims to create 3.5 crore jobs over two years by providing financial incentives to both first-time employees and employers. This milestone event highlights the government’s progress in formalizing employment and expanding social security coverage for the Indian workforce.
**Key Points / Main Content**
* **Scheme Objectives and Targets**
* Accelerate job creation and the formalization of employment across various sectors.
* Targeting the creation of more than 3.5 crore jobs over a two-year period.
* Focusing on 1.92 crore beneficiaries who are expected to be first-time entrants into the workforce.
* Expand social security coverage and enhance overall employability.
* **Financial Incentives for Employees**
* First-time employees entering the formal workforce are eligible to receive a one-time incentive of up to ₹15,000.
* The incentive is designed to provide crucial support to youth as they begin their professional careers.
* **Financial Incentives for Employers**
* Employers are eligible for incentives of up to ₹3,000 per month for every additional employee hired.
* Manufacturing sector employers can avail of these incentives for a period of four years due to the sector's strategic importance.
* Employers in all other sectors are eligible to receive these incentives for a period of two years.
* **Implementation and Progress**
* The scheme operates with a total financial outlay of ₹99,446 crore.
* As of the report date, the incentive has already facilitated employment for 15 lakh beneficiaries nationwide.
**Impact Analysis**
**First-time Employees**
**Impact**
They receive direct financial assistance of up to ₹15,000, which supports their transition into the formal economy and provides a security net as they start their careers.
**Action Required**
Eligible individuals must enter the workforce as first-time employees under formal employment terms to qualify for the incentive.
**Employers (General Sectors)**
**Impact**
Businesses are incentivized to expand their workforce through a monthly subsidy of up to ₹3,000 per additional employee for two years, reducing overall labor costs.
**Action Required**
Employers must generate additional employment and register new hires under the PM-VBRY framework to claim the monthly incentives.
**Manufacturing Sector Employers**
**Impact**
These employers receive extended support for four years, reflecting the government's priority on manufacturing-led economic growth.
**Action Required**
Manufacturing firms should focus on long-term, sustained job creation to maximize the benefits of the extended four-year incentive period.
Key Entities Referenced
Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY): A flagship employment-linked incentive scheme aimed at accelerating job creation, promoting formalisation of employment, and expanding social security coverage.
Manufacturing sector: A prioritized economic sector under PM-VBRY where employers are eligible for extended incentives over a four-year period.
Prime Minister Shri Narendra Modi: The key individual responsible for the disbursement of scheme incentives and leading the initiative to foster an enabling employment ecosystem.
Prime Minister's Office
PM to disburse incentives worth around ₹2,400
crore under the Pradhan Mantri Viksit Bharat
Rozgar Yojana on 19 June
First-Time Employees to Receive Incentive of up to ₹15,000
To encourage sustained job creation, Employers eligible for
Incentive of up to ₹3,000 per Month per Additional Employee
PM-VBRY is designed to facilitate Job Creation,
Formalisation of Employment and Expansion of Social
Security Coverage
This incentive has Facilitated Employment for 15 Lakh
Beneficiaries Across the Country
Posted On: 17 JUN 2026 3:14PM by PIB Delhi
Prime Minister Shri Narendra Modi will disburse incentives worth around ₹2,400 crore under the Pradhan
Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held on 19 June 2026 at 5
PM at Vigyan Bhawan, New Delhi.
The disbursal marks a significant milestone in the implementation of PM-VBRY, the Government of
India’s flagship employment-linked incentive scheme aimed at accelerating job creation, promoting
formalisation of employment, enhancing employability, and expanding social security coverage across
sectors. This incentive has supported the creation of 15 lakh employment opportunities across the country.
PM-VBRY is designed to encourage both workers and employers to participate in the formal economy.
Under the scheme, first-time employees are eligible for an incentive of up to ₹15,000, providing crucial
support as they enter the workforce. Employers generating additional employment are eligible for
incentives of up to ₹3,000 per month per additional employee, thereby encouraging sustained job creation.
Recognising the strategic importance of manufacturing in driving economic growth, employers in the
manufacturing sector are eligible to receive incentives for a period of four years, while employers in all
other sectors can avail incentives for two years.
The scheme reflects the Government’s commitment to fostering an enabling ecosystem for employment-
led growth and ensuring that the benefits of India’s economic progress translate into quality formal
employment opportunities for its youth.PM-VBRY came into effect on 1 August 2025. With a total outlay of ₹99,446 crore, the scheme aims to
incentivise the creation of more than 3.5 crore jobs over a two-year period. Of these, approximately 1.92
crore beneficiaries are expected to be first-time entrants into the workforce. By supporting both employees
and employers, the scheme is playing a transformative role in expanding formal employment,
strengthening social security coverage, and advancing the vision of a Viksit Bharat.
***
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