‘PM Viksit Bharat Udyog Yojana aims to increase job opportunities’
The Indian government has launched the 'PM Viksit Bharat Udyog Yojana,' a job creation scheme providing financial incentives to both first-time private sector employees and their employers. The program aims to generate 3.5 crore jobs over two years with a significant budgetary outlay.
Why it matters
This policy represents a major government intervention in the labor market intended to boost formal employment and private sector growth.
The Pradhan Mantri Viksit Bharat Udyog Yojana, launched by Prime Minister Narendra Modi on August 15, 2025, is a job creation scheme aimed at increasing employment opportunities in the private sector for the first time in India, Regional Assistant Provident Fund Commissioner in Raichur Niraj Kumar has said.
The article reports on government policy details and official statements without editorializing.
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