Prime Minister Narendra Modi disbursed ₹2,400 crore [1] in incentives under the Pradhan Mantri Viksit Bharat Rozgar Yojana on Friday.
The disbursement aims to strengthen formal employment across India by providing financial incentives to participants and employers. This move signals the government's intent to scale industrial labor participation through direct fiscal support.
The event took place at Vigyan Bhawan in New Delhi [3]. The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) was launched on Aug. 1, 2025 [5], as part of a broader strategy to modernize the national workforce.
Government data indicates the scheme has created approximately 15 lakh employment opportunities since its inception [4]. The current release of ₹2,400 crore [1] is intended to mark the successful implementation of these goals and encourage further hiring in the formal sector.
By targeting formalization, the program seeks to move workers from precarious, informal roles into stable positions with regulated benefits. The disbursement serves as a performance-based reward for the milestones achieved since the 2025 launch [5].
Officials said that the scale of the incentives is designed to attract both new entrants to the workforce and existing companies looking to expand their payrolls. This effort aligns with the government's long-term vision for a developed India, focusing on sustainable economic growth, and job stability.
“Prime Minister Narendra Modi disbursed ₹2,400 crore in incentives”
The disbursement of these funds suggests that the Indian government is prioritizing the formalization of the economy to improve labor statistics and social security coverage. By tying incentives to the creation of 15 lakh jobs, the administration is attempting to create a scalable model where fiscal expenditure directly correlates to measurable employment growth.
