Pradhan Mantri Viksit Bharat Rojgar Yojana

Context: ₹1 Lakh-Crore Job Scheme for Private Sector Seekers (Independence Day, 15 Aug 2025)

Scheme 

• Name: Pradhan Mantri Viksit Bharat Rojgar Yojana

• Budget: ₹1 lakh crore

• Beneficiaries: ~35 million (first-time private-sector job seekers)

• Incentive: One-time ₹15,000 for each eligible youth.

Objectives

• Encourage youth employment in the private sector.

• Convert India’s demographic potential into economic & social prosperity.

• Promote self-reliance (Atmanirbhar Bharat) by pushing local manufacturing.

• Create a bridge from “Swatantra Bharat” (Free India) → “Samriddha Bharat” (Prosperous India).

Global & Economic Context

• Rising “economic selfishness” worldwide; countries prioritizing domestic production.

• US tariffs on India (50%):

  • Much higher than India’s neighbours & peers.

  • Could hurt ~1% of India’s GDP (per analysts).

  • Undermines Indian exports.

PM’s Key Points

• Boost local manufacturing across sectors: fertilisers, jets, EV batteries, etc.

• Empower youth to actively contribute to national progress.

• Youth employment is central to India’s development strategy.

Complementary Govt Initiative

• Employment-Linked Incentive (ELI) Scheme (approved 1 July 2025):

  • Govt pays 1 month’s wages to fresh private-sector recruits.

  • Employers hiring them get financial incentives.

  • Aim: Boost job creation + skill development.

Significance

• Youth-centric scheme—direct financial support to new entrants in the job market.

• Stimulus for private-sector hiring during global economic stress.

• Potential to mitigate export losses by expanding domestic industries & jobs.