Prime Minister Narendra Modi on 19 June 2026 announced the disbursement of incentives worth ₹2,400 crore under the PM‑VBRY. The scheme aims to create a bridge between youth and industry and has already supported the creation of 15 lakh jobs nationwide.
Key Developments
- Incentives of ₹2,400 crore released, benefitting 10 lakh first‑time employees who completed six months of service.
- More than 70 lakh jobs created so far, with an equal number of workers brought under social security.
- Direct transfers exceeding ₹2,000 crore made to beneficiaries’ bank accounts.
- Government investment of over ₹12 lakh crore in infrastructure and ₹33 lakh crore under PM Mudra Yojana to spur entrepreneurship.
Important Facts
The scheme has enrolled 20 lakh young people who have completed six months in their first jobs, and 10 lakh beneficiaries have already received incentives. Women’s participation is highlighted with over 10 crore women in Self‑Help Groups and 3 crore women becoming Lakhpati Didis. Emerging sectors such as the drone sector and the gig economy are creating new opportunities.
Exam Relevance
Understanding Make in India and related policies helps answer questions on industrial policy and job creation. The role of the EPFO in modernising social security is relevant for governance and labour reforms. The growth of the startup ecosystem illustrates India’s shift towards a knowledge‑based economy, a frequent UPSC topic.
Way Forward
To sustain momentum, the government must continue linking employment with social security, expand skill‑training programmes, and encourage private sector participation. Strengthening digital platforms, promoting the gig economy, and scaling up the drone and renewable‑energy sectors can generate further jobs. Continuous monitoring of incentive delivery and ensuring quality standards will be crucial for achieving a “Viksit Bharat”.