The Government of India has launched the Pradhan Mantri Viksit Bharat Rojgar Yojana (PM-VBRY), a flagship initiative to boost employment and skill development across the country. Announced by Prime Minister Narendra Modi during his Independence Day speech in 2025, the scheme carries a budget of ₹99,446 crore and aims to create millions of new private sector jobs while supporting both employers and job seekers.
This ambitious program is part of the government’s broader vision of building a “Viksit Bharat” (Developed India) by 2047, with a strong emphasis on employment-led growth.
🔑 Key Features of PM-VBRY
- Budget Outlay: ₹99,446 crore allocated for job creation and workforce skilling.
- Dual Incentive Model:
- For Employers: Financial support and hiring-linked benefits to encourage companies to expand their workforce.
- For Employees: Subsidies and support for skill training, apprenticeships, and job placements.
- Target Sectors:
- Manufacturing & Infrastructure
- Startups & Digital Economy
- Green Energy & Emerging Technologies
- MSMEs & Rural Enterprises
- Skill Development Integration: Linked with Skill India Mission, PM Kaushal Vikas Yojana (PMKVY), and digital skilling programs to ensure job-readiness.
- Implementation Timeline: To be rolled out over the next two years with a focus on urban, semi-urban, and rural employment generation.
🎯 Objectives of the Scheme
- Generate large-scale private sector jobs across industries.
- Bridge the gap between education, skilling, and employability.
- Encourage formal employment and reduce reliance on informal/contractual jobs.
- Promote balanced regional growth by creating opportunities in tier-2 and tier-3 cities.
- Empower youth to participate in India’s economic transformation.
📊 Expected Impact
- Employment Growth: Millions of fresh jobs to be created across industries.
- Boost to Private Sector: Hiring incentives to drive expansion in MSMEs, startups, and large industries.
- Higher Consumption: With more jobs and incomes, domestic demand is expected to rise.
- Global Competitiveness: By upskilling the workforce, India strengthens its position as a global hub for services, manufacturing, and innovation.
📣 Expert Opinions
- Economists: View PM-VBRY as a much-needed intervention to address rising unemployment but stress the need for efficient monitoring.
- Industry Leaders: Welcome the dual incentive model, which reduces hiring costs for businesses.
- Policy Analysts: Believe the scheme could transform India’s labor market if skilling and placement are aligned properly.
⚠️ Challenges Ahead
While PM-VBRY is promising, experts highlight potential hurdles:
- Ensuring timely disbursement of funds.
- Addressing skill mismatch between job seekers and industry requirements.
- Preventing misuse of employer subsidies.
- Guaranteeing that jobs created are long-term and sustainable.
📌 Conclusion
The Pradhan Mantri Viksit Bharat Rojgar Yojana (PM-VBRY) represents a bold step towards tackling unemployment, empowering industries, and preparing India’s workforce for the future. With its ₹99,446 crore allocation, dual incentive structure, and focus on both urban and rural employment, the scheme has the potential to reshape India’s job market and drive inclusive economic growth.
If implemented effectively, PM-VBRY could become a cornerstone in India’s journey towards Viksit Bharat 2047, making it one of the most transformative employment schemes in the country’s history.