Latest news with #PMViksitBharatRozgarYojana
NDTV
3 days ago
- Business
- NDTV
"Rs 1 Lakh Crore Rhetoric": Rahul Gandhi Takes Jibe At PM Over Job Scheme
New Delhi: Congress leader Rahul Gandhi on Friday took a jibe at Prime Minister Narendra Modi over announcement of Rs 1 Lakh Crore PM Viksit Bharat Rozgar Yojana, saying that he is resorting to "same old rhetoric, same rehearsed figures" and that the "youth will get not jobs, but only rhetoric from this government". "₹1 lakh crore rhetoric - Season 2! Even after 11 years, Modi ji's same old rhetoric, same rehearsed figures. Last year, a promise of 1 crore internships from ₹1 lakh crore - this year, again a ₹1 lakh crore job scheme! What's the truth? In response to my question in Parliament, the government admitted - less than 10,000 internships. The stipend so low that 90% of youth refused it. Modi ji has no new ideas left. From this government, the youth will get not jobs, but only rhetoric," Rahul Gandhi said in a post on X. He also attached a response given by the government to his question regarding the PM Internship Scheme. Addressing the nation from the ramparts of the Red Fort on Independence Day, PM Modi announced Rs one lakh crore PM Viksit Bharat Rozgar Yojana Under the scheme, newly employed youth will receive Rs 15,000. "Today, opportunities are being created for our youth in new sectors. A massive campaign is going on for skill development, self-employment, internships in big companies and hence, youth of the country. Today I have brought good news for you too, for the youth of my country. Today, on August 15th, we are launching and implementing a scheme worth Rs 1 lakh crore for the youth of my country," PM Modi said. "The Pradhan Mantri Viksit Bharat Rojgar Yojana is being implemented today on August 15th, this is very good news for you. Under this scheme, the government will give Rs. 15000 to the youth, to every son or daughter who gets a job in the private sector. Companies which generate more opportunities for providing new employment will also be given incentives. Pradhan Mantri Vikas Bharat Rojgar Yojana will create new employment opportunities for approximately 3.5 crore youth. I congratulate all the young people for this," he added.
The Print
25-07-2025
- Business
- The Print
Govt to roll out employment-linked incentive scheme from Aug 1
With an outlay of Rs 99,446 crore, the PM Viksit Bharat Rozgar Yojana (PMVBRY) aims to incentivise the creation of more than 3.5 crore jobs over two years. Of these, 1.92 crore beneficiaries will be first timers, entering the workforce. The benefits of the scheme would be applicable to jobs created between August 1, 2025, and July 31, 2027. Earlier, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the scheme, which is aimed at incentivising job creation in the country, the ministry said in a statement. New Delhi, Jul 25 (PTI) Employment-linked incentive scheme, PM Viksit Bharat Rozgar Yojana, will come into effect from August 1, 2025, the Labour Ministry said on Friday. According to the statement, the employment-linked incentive scheme will come into effect from 1st August 2025 as the 'PM Viksit Bharat Rozgar Yojana (PM-VBRY)'. The name is in alignment with the scheme's overall objectives towards the Viksit Bharat initiative and reflects the government's commitment to generating inclusive and sustainable employment opportunities in the country. The scheme, which incentivizes employers to create new employment, aims to provide benefits for the generation of new jobs across various sectors with special focus on the manufacturing sector. It forms a crucial part of India's strategy to accelerate economic growth through employment-led development. The Scheme consists of two parts, with Part A focused on first timers and Part B focused on employers. Targeting first-time employees registered with EPFO, Part-A will offer one-month EPF wage up to Rs 15,000 in two installments. Employees with salaries up to Rs 1 lakh will be eligible. The 1st installment will be payable after 6 months of service and the 2nd installment will be payable after 12 months of service and completion of a financial literacy programme by the employee. To encourage the habit of saving, a portion of the incentive will be kept in a savings instrument or deposit account for a fixed period and can be withdrawn by the employee at a later date. This part will cover the generation of additional employment in all sectors, with a special focus on the manufacturing sector.. The employers will get incentives in respect of employees with salaries up to Rs 1 lakh.. The Government will incentivise employers, up to Rs 3000 per month, for two years, for each additional employee with sustained employment for at least six months. For the manufacturing sector, incentives will be extended to the 3rd and 4th years as well. Establishments, which are registered with EPFO, will be required to hire at least two additional employees (for employers with less than 50 employees) or five additional employees (for employers with 50 or more employees), on a sustained basis for at least six months. All payments to the First Time Employees under Part A of the Scheme will be made through DBT (Direct Benefit Transfer) mode using the Aadhar Bridge Payment System (ABPS). Payments to the Employers under Part B will be made directly into their PAN-linked Accounts. PTI KKS MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
25-07-2025
- Business
- Time of India
Govt to roll out employment-linked incentive scheme from August 1
Employment-linked incentive scheme , PM Viksit Bharat Rozgar Yojana , will come into effect from August 1, 2025, the Labour Ministry said on Friday. Earlier, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the scheme, which is aimed at incentivising job creation in the country, the ministry said in a statement. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing others MBA MCA Artificial Intelligence Public Policy Design Thinking healthcare PGDM Leadership Management Data Science Data Science Technology Cybersecurity Finance Project Management Product Management CXO Operations Management Others Healthcare Data Analytics Degree Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details With an outlay of Rs 99,446 crore, the PM Viksit Bharat Rozgar Yojana (PMVBRY) aims to incentivise the creation of more than 3.5 crore jobs over two years. Of these, 1.92 crore beneficiaries will be first timers, entering the workforce. The benefits of the scheme would be applicable to jobs created between August 1, 2025, and July 31, 2027. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo According to the statement, the employment-linked incentive scheme will come into effect from 1st August 2025 as the "PM Viksit Bharat Rozgar Yojana (PM-VBRY)". The name is in alignment with the scheme's overall objectives towards the Viksit Bharat initiative and reflects the government's commitment to generating inclusive and sustainable employment opportunities in the country. Live Events The scheme, which incentivizes employers to create new employment, aims to provide benefits for the generation of new jobs across various sectors with special focus on the manufacturing sector. It forms a crucial part of India's strategy to accelerate economic growth through employment-led development. The Scheme consists of two parts, with Part A focused on first timers and Part B focused on employers. Targeting first-time employees registered with EPFO, Part-A will offer one-month EPF wage up to Rs 15,000 in two installments. Employees with salaries up to Rs 1 lakh will be eligible. The 1st installment will be payable after 6 months of service and the 2nd installment will be payable after 12 months of service and completion of a financial literacy programme by the employee. To encourage the habit of saving, a portion of the incentive will be kept in a savings instrument or deposit account for a fixed period and can be withdrawn by the employee at a later date. This part will cover the generation of additional employment in all sectors, with a special focus on the manufacturing sector.. The employers will get incentives in respect of employees with salaries up to Rs 1 lakh.. The Government will incentivise employers, up to Rs 3000 per month, for two years, for each additional employee with sustained employment for at least six months. For the manufacturing sector, incentives will be extended to the 3rd and 4th years as well. Establishments, which are registered with EPFO, will be required to hire at least two additional employees (for employers with less than 50 employees) or five additional employees (for employers with 50 or more employees), on a sustained basis for at least six months. All payments to the First Time Employees under Part A of the Scheme will be made through DBT ( Direct Benefit Transfer ) mode using the Aadhar Bridge Payment System (ABPS). Payments to the Employers under Part B will be made directly into their PAN-linked Accounts.
