Prime Minister Narendra Modi is ready to provide huge financial help to lakhs of youth and employees of the country on Friday. Under the *Pradhan Mantri Vikas Bharat Rojgar Yojana* (PM-VBRY), ₹2,400 crore will be directly transferred to the accounts of more than 15 lakh beneficiaries. The government says that this scheme is proving to be an important step towards increasing employment and connecting the youth with the formal workforce.
**Amount will reach the accounts of more than 15 lakh people**
Union Labor Minister Mansukh Mandaviya announced that Prime Minister Narendra Modi will release ₹2,400 crore through Direct Benefit Transfer (DBT) during an event at Vigyan Bhawan. On this occasion, the Prime Minister will also interact with some of the youth and employers who have benefited from this scheme.
What is Pradhan Mantri Vikas Bharat Rojgar Yojana?
The objective of *Pradhan Mantri Vikas Bharat Rojgar Yojana* is to increase employment opportunities in the country and to provide financial help to the youth in getting their first job. The government has budgeted ₹99,446 crore for the scheme, which aims to create 3.5 crore jobs in two years. Under this scheme, employees getting their first job get assistance up to ₹15,000. At the same time, employers hiring new employees get an incentive of up to ₹ 3,000 per month per employee.
200 special programs across the country
Apart from the Prime Minister’s programme, special programs will be organized in 200 industrial clusters across the country. In these programs, employees and companies will be honored and appointment letters will be distributed to new employees.
Special benefits for women and small businesses
According to the government, more than 63 lakh first-time job seekers have joined the formal workforce through this scheme from August 2025. The share of women among these beneficiaries is about 30 percent. Small businesses have also benefited significantly from this scheme; Data shows that more than 80 percent of the establishments benefiting from the scheme employ less than 25 people.
Government’s focus on increasing employment
The government believes that PM-VBRY is giving new impetus to the efforts to generate employment in the country. Specifically, the scheme provides for additional benefits for four years to increase employment in the manufacturing sector. As a result, this scheme is proving to be a great source of relief for youth, women and small businesses.