70 lakh jobs created under PM-VBRY: Narendra Modi

📌 Summary:

• PM Narendra Modi said around 70 lakh jobs have been created so far under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)
• About 20 lakh young people have already completed six months in their first jobs, and around 10 lakh of them received incentives on Friday for crossing this six-month milestone
• Modi said first-time employees have also gained the protection of social security under the scheme
• He spoke at the incentive-disbursal programme under PM-VBRY at Vigyan Bhavan, New Delhi, with Union Minister Mansukh Mandaviya and MoS Shobha Karandlaje present
• The scheme is an employment-linked incentive (ELI) initiative aimed at boosting first-time formal employment and formalisation of the workforce

🎯 UPSC Relevance: GS3 Economy — employment generation, employment-linked incentive (ELI) schemes, formalisation of the workforce and social-security extension to new workers.

📝 Prelims Facts:

• Scheme: Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)
• ~70 lakh jobs created; ~20 lakh completed 6 months; ~10 lakh received incentives
• Implementing/associated minister: Mansukh Mandaviya (Labour & Employment)
• Event held at Vigyan Bhavan, New Delhi

🔑 Key Term: Employment-Linked Incentive (ELI) Scheme — a government scheme providing direct incentives to first-time employees and employers to spur formal job creation and social-security enrolment.