Prime Minister to disburse ₹2,400 crore worth incentives to new employees, employers

Prime Minister Narendra Modi will disburse ₹2,400 crore worth of incentives under the Pradhan Mantri Viksit Bharat Rojgar Yojana (PM-VBRY) in New Delhi on Friday (June 19, 2026).

Union Labour Minister Mansukh Mandaviya told reporters in New Delhi on Thursday (June 18, 2026) that 15 lakh beneficiaries will receive the incentive as a Direct Benefit Transfer (DBT).

Mr. Mandaviya added that Mr. Modi will interact with a few first-time employees and employers benefiting under PM-VBRY. The total outlay for the programme is ₹99,446 crore, which is targeted to create 3.5 crore jobs in two years. The Minister said first-time employees will get benefits worth ₹15,000 and employers will receive up to ₹3,000 per month per new employee.

‘PM Viksit Bharat Udyog Yojana aims to increase job opportunities’

He added that the scheme is to boost employment in the manufacturing sector and extended benefits are being provided for up to four years. “Since August 2025, more than 63 lakh first-time employees have been brought into the formal workforce under PM-VBRY, of which nearly 30% are women. More than 80% of establishments incentivised under Part B are small enterprises with fewer than 25 workers. This highlights PM-VBRY’s role in supporting small and emerging enterprises while promoting employment generation, which remains the backbone of India’s economy,” he said.

Mr. Mandaviya added that various Chief Ministers and Cabinet Ministers will attend the programme virtually from 200 industrial clusters in their respective States on Friday. “Regional programmes will be organised simultaneously at these industrial clusters and will be attended by Governors, Chief Ministers, Union Ministers, Deputy Chief Ministers, State Labour Ministers, Members of Parliament, Members of Legislative Assemblies, Mayors and other distinguished dignitaries,” he added.

PM Viksit Bharat Rozgar Yojana will boost job creation and support youth: EPFO Commissioner