The Big Picture
The PM Viksit Bharat Rojgar Yojana, a ₹1 lakh crore scheme, is designed to uplift India's youth. As a part of the scheme, it provides ₹15,000 to those
taking up their first private sector job. The primary goal is to foster job creation. This is expected to encourage companies to hire more employees.
Scheme's Objectives
The initiative's core aim is to create approximately 3.5 crore new job opportunities. This scheme is intended to provide financial assistance, as well as encourage business and private sector growth, especially after the challenges faced in recent times. The government hopes this will rejuvenate the employment sector.
Impact on Youth
The scheme's impact is targeted at freshers and those looking to kickstart their career journeys. The incentive of ₹15,000 will likely prove extremely beneficial, making it easier for young individuals to enter the workforce. This financial support is intended to give the youth a head start.
Boosting Businesses
This scheme will have a ripple effect, encouraging businesses to expand their workforce. The financial incentive will create opportunities for job seekers. The goal is to stimulate both job creation and economic development, resulting in a stronger economy.
