Prime Minister Narendra Modi, during his Independence Day address from the Red Fort on Thursday, launched the Pradhan Mantri Viksit Bharat Rojgar Yojana (PMVBRY), a Rs 1 lakh crore scheme for the country’s youth. From August 15, the scheme will provide Rs15,000 to young men and women who secure their first job in the private sector. Companies offering new employment opportunities will also receive incentives. The scheme aims to create nearly 3.5 crore new jobs for young people. Modi congratulated the youth, calling it a major step towards expanding employment opportunities in the private sector.
#WATCH | Delhi: Prime Minister Narendra Modi says, “My country’s youth, today is 15th August, and on this very day, we are launching a scheme worth Rs 1 lakh crore for the youth of our country. From today, the Pradhan Mantri Viksit Bharat Rojgar Yojana is being implemented…… pic.twitter.com/KKFTHevUi9
— ANI (@ANI) August 15, 2025
Incentives for Job Seekers and Employers
Under PMVBRY, the government will directly transfer Rs 15,000 to first-time employees in the private sector. Employers hiring new candidates will also receive a financial incentive to boost recruitment. Modi said this initiative will benefit over 3.5 crore young people and provide a significant push to the employment sector. He emphasised that the scheme will encourage both job creation and skill utilisation in the private market, helping the economy grow stronger while empowering youth across the country.
Support for Farmers, Fishermen, and Women Entrepreneurs
PM Modi reaffirmed his government’s commitment to farmers, fishermen, and livestock keepers, stating, “Bharat will not tolerate any compromise with their interests.” He added, “I do not need books to understand poverty, I have lived it. The government should be with the people, not just in files.” Highlighting women’s economic empowerment, Modi said two crore women had become ‘lakhpati didis’ in a short time, many of whom were present at the Red Fort. He praised farmers’ contribution to making India a leading producer of several key commodities.
GST Reforms by Diwali to Ease Tax Burden
In his address, Modi also announced next-generation GST reforms to be implemented by Diwali this year, promising what he called a “bahut bada tohfa” (big gift) for Indians. The reforms will focus on rationalising tax slabs and reducing GST rates on essential and daily-use items. “By this Diwali, you will see a new, simplified GST structure that makes life easier for the common man and strengthens our economy,” he said. The move aims to lower the cost of living, provide relief to households, benefit MSMEs, and enhance tax compliance and transparency.
Must Read: PM Modi Announces Double Diwali Gift On I- Day, Govt To Release Next-Generation GST Reforms
Swastika Sruti is a Senior Sub Editor at NewsX Digital with 5 years of experience shaping stories that matter. She loves tracking politics- national and global trends, and never misses a chance to dig deeper into policies and developments. Passionate about what’s happening around us, she brings sharp insight and clarity to every piece she works on. When not curating news, she’s busy exploring what’s next in the world of public interest. You can reach her at [swastika.newsx@gmail.com]
