The scheme will provide an incentive of up to Rs 15,000 in two instalments to newly employed youth and up to Rs 3,000 per month per new employee to employers for the creation of new job opportunities.

With a massive budget allocation of Rs 99,446 crore, PM-VBRY is being implemented by the Employees’ Provident Fund Organisation (EPFO), signaling a major push toward strengthening formal employment ...