The Centre is set to give a major push to job creation with a Rs 2,400-crore payout under a new employment scheme Pradhan Mantri Viksit Bharat Rojgar Yojana (PMVBRY). Prime Minister Narendra Modi will transfer the first round of incentives directly to new workers and their employers today, that is, 19 June, 2026.
The Employment Linked Incentive Scheme aims to bring more people into formal jobs while supporting businesses that hire them. Under the plan, fresh employees joining the workforce will get direct cash benefits to their bank accounts. Employers who add new staff will also receive financial support to cover part of hiring and training costs.
Officials reportedly stated that the move will benefit lakhs of young people entering the job market, especially in manufacturing and services. The scheme links incentives to EPFO and ESIC enrolment, ensuring workers get social security cover from day one. This is expected to reduce informal hiring and improve job quality.
The government has designed the payout in instalments. Employees will get benefits for up to two years, while companies get support for each additional job created above a set baseline. Sectors with high employment potential are likely to gain the most.
The disbursal marks the first large-scale rollout of the scheme announced earlier this year. It comes as the Centre looks to address unemployment concerns and encourage private firms to expand their workforce. Labour Ministry data will track new enrolments to prevent misuse.
With this Rs 2,400-crore transfer, the government hopes to kickstart a cycle of job growth, better wages, and wider social security for India’s youth. More phases of the scheme will follow in the coming months.
