PM Viksit Bharat Rozgar Yojana will boost job creation and support youth: EPFO Commissioner
The Indian government's Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) aims to create 3.5 crore new jobs by providing financial incentives to employers for new hires. The scheme, running from 2025 to 2027, utilizes an online portal to automate benefit transfers for eligible private sector employees.
Why it matters
This initiative represents a significant government intervention in the labor market intended to boost youth employment and economic growth.
The Centre’s Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a major initiative aimed at generating employment opportunities and providing financial security to young people, while also incentivising employers to create new jobs, said Regional Provident Fund Commissioner-II, Ballari, K.V. Praveen.
The article reports on a government policy announcement by summarizing official statements from an EPFO commissioner.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in