Government disburse ₹2,400 crore incentives under PMVBRY

Prime Minister Narendra Modi will disburse approximately 2,400 crore rupees in incentives to over 1.5 million beneficiaries under a major employment scheme on Friday, June 19. The event will be held at Vigyan Bhawan in New Delhi, with simultaneous regional programs across 200 industrial clusters nationwide.

The disbursement is part of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), a program launched in August 2025 with a total outlay of 99,446 crore rupees. The scheme aims to incentivize the creation of more than 3.5 crore jobs over two years, with a focus on bringing first-time workers into the formal economy. According to government figures, the initiative has already facilitated the creation of around 15 lakh employment opportunities since its inception.

Under the program, first-time employees are eligible for a one-time incentive of up to 15,000 rupees. Employers who generate additional employment can receive up to 3,000 rupees per month for each new hire. To encourage job creation in manufacturing, employers in that sector are eligible for these incentives for four years, compared to two years for other sectors.

Prior to the fund transfer via Direct Benefit...