On August 15, 2025, PM Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana during his Independence Day speech. The ₹1 lakh crore scheme aims to generate 3.5 crore jobs, boost formal sector hiring, and accelerate inclusive growth under Viksit Bharat 2047.

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• ₹1 lakh crore national job scheme announced at Red Fort
• Target: 3.5 crore jobs in two years
• 1.92 crore first-time job entrants to benefit directly
• Youth in first private job get ₹15,000 support
• Employers hiring new staff get up to ₹3,000/month aid
• Extra incentives for manufacturing sector to scale jobs
• Scheme run by Labour Ministry, tracked by EPFO
• Push to expand formal jobs, strengthen social security
• Private sector expansion encouraged with wage support
• PM calls scheme “gift to youth, double Diwali celebration”