PM to disburse ~₹2,400 crore under Pradhan Mantri Viksit Bharat Rozgar Yojana on 19 June

📌 Summary:

• PM to disburse ~₹2,400 crore under Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on 19 June 2026 at Vigyan Bhawan, New Delhi
• First-time employees get incentive up to ₹15,000; employers get up to ₹3,000/month per additional employee
• Manufacturing-sector employers eligible for incentives for 4 years; other sectors for 2 years
• Scheme targets job creation, formalisation of employment and expansion of social security coverage
• Has already supported 15 lakh employment opportunities; came into effect 1 August 2025
• Total outlay ₹99,446 crore; aims to incentivise >3.5 crore jobs over two years, of which ~1.92 crore are first-time entrants

🎯 UPSC Relevance: GS3 Economy — employment generation, formalisation of labour, employment-linked incentive (ELI) design

📝 Prelims Facts:

• PM-VBRY outlay: ₹99,446 crore; effective 1 August 2025
• First-timer incentive up to ₹15,000; employer incentive up to ₹3,000/month/additional employee
• Manufacturing: 4 years of incentives; other sectors: 2 years

🔑 Key Term: Employment-Linked Incentive (ELI) — fiscal scheme that ties subsidy payouts to the creation of new formal-sector jobs