Modi to disburse ₹2,400 crore incentives under PM-VBRY on 19 June

New Delhi: Prime Minister Narendra Modi will disburse incentives worth around Rs 2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held here on Friday, it was announced on Wednesday. The scheme has already supported the creation of around 15 lakh employment opportunities across the country since its launch, according to the Prime Minister's Office (PMO).The scheme has been designed to encourage both employees and employers to participate in the formal economy.Under the scheme, first-time employees are eligible for incentives of up to Rs 15,000, providing financial support as they enter the workforce.Sensex Gains 347 Points, Nifty Ends Above 24,085 as Crude Prices Ease For Fourth Straight Day Employers generating additional employment can receive incentives of up to Rs 3,000 per month for each additional employee, thereby encouraging sustained job creation.Recognising the importance of manufacturing in driving economic growth, the scheme provides incentives to employers in the manufacturing sector for a period of four years, while employers in other sectors are eligible for incentives for two years.The initiative reflects its commitment to creating an enabling ecosystem for employment-led growth and ensuring that the benefits of economic expansion translate into quality formal employment opportunities, particularly for the youth, according to the government.RBI Injects ₹72,300 Crore Through Two VRR Auctions, Liquidity Surplus Drops Sharply After Advance Tax Outflows With a total outlay of Rs 99,446 crore, the scheme came into effect in August 2025 to facilitate the creation of more than 3.5 crore jobs over two years.Of the total targeted beneficiaries, around 1.92 crore are expected to be first-time entrants to the workforce, the government said.The scheme is expected to play a transformative role in expanding formal employment, strengthening social security coverage and advancing the vision of a developed India by supporting both workers and employers, according to the government.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)