India's Rs 99,446 crore Viksit Bharat Rozgar Yojana aims to expand formal jobs
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) has been introduced to boost formal employment across several sectors. It offers financial incentives to both employers and first-time workers entering the formal job market. The scheme projects creating over 3.5 crore jobs by 2027, including 1.92 crore for first-time workers. It also seeks to raise employment in manufacturing through incentives specific to that sector.
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