Prime Minister Narendra Modi on Friday disbursed around Rs 2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), asserting that India’s journey towards becoming a developed nation would be driven by the aspirations, capabilities and skills of its young population.

Addressing an event in New Delhi, the Prime Minister said the government has focused on expanding employment opportunities across sectors over the past 12 years and stressed that India’s youth are poised to play a leading role in global growth, innovation and entrepreneurship.

PM Modi Highlights Employment Expansion

Describing India as one of the youngest countries in the world, PM Modi said efforts are being made to ensure that young people are able to realise their potential and receive opportunities suited to their talent and aspirations.

“India is one of the youngest countries in the world. Therefore, the path to a developed India also lies through the dreams, skills, and capabilities of the youth. Our endeavour is to ensure that every youth in the country progresses as much as possible according to their potential. Those who have talent should get opportunities, those who have ideas should get a platform for innovation, and those who want to do something on their own should get full support,” he said.

The Prime Minister said every avenue of employment has been strengthened during the last 12 years, with fresh opportunities emerging across infrastructure, innovation, manufacturing, the digital economy, space and the startup ecosystem.

“With this thought in mind, every avenue of employment has been strengthened over the past 12 years. New opportunities have been created in every sector, from infrastructure to innovation, from manufacturing to the digital economy, from space to startups,” PM Modi said.

PM-VBRY Created Nearly 7 Million Jobs, Says PM

Highlighting the impact of the PM-VBRY scheme, the Prime Minister said nearly 7 million jobs have been created with its support and an equal number of first-time employees have been brought under the ambit of social security.

He said around 2 million young people have completed six months in their first jobs, while nearly 1 million beneficiaries have received incentives after crossing the six-month mark.

According to PM Modi, more than Rs 2,000 crore has been transferred directly into the bank accounts of beneficiaries under the scheme.

“With the support of the Pradhan Mantri Viksit Bharat Rozgar Yojana, nearly 7 million jobs have been created so far. Nearly 7 million first-time employees have also received social security coverage. Nearly 2 million young people have completed six months in their first job, and today, nearly 1 million of these young people have received incentives as beneficiaries of this scheme after completing six months in their first job. More than Rs 2,000 crore has been transferred directly to their bank accounts. This amount is not just financial assistance; it is recognition of their hard work,” he said.

Startup Ecosystem and Trade Agreements Opening New Opportunities

The Prime Minister also underscored the rapid growth of India’s startup ecosystem, noting that the number of registered startups has increased from around 500 a decade ago to more than two lakh today.

He said startups are now present in every district of the country and expressed confidence that Indian youth would lead the world in innovation and entrepreneurship in the years ahead.

“Once upon a time, there were only about 500 startups in the country. Today, there are over 2 lakh registered startups, and you’ll find them in every district of the country. These figures give confidence that India’s youth will lead the world’s growth, innovation, and entrepreneurship in the coming years. Everyone in the world is very excited about India’s future today,” PM Modi said.

Referring to India’s expanding trade engagements, the Prime Minister said new agreements with countries around the world are opening up markets for Indian industries and creating fresh opportunities for professionals.

He also pointed to recent agreements signed with several European countries and said these partnerships would help generate millions of jobs in the country.

“In the past few months, important agreements have also been signed with several European countries. These agreements are also becoming a means of creating millions of new jobs in the country. The world is preparing for the economy of the future, and India is preparing to lead the economy of the future. The world is moving towards future technology, and India is working to make its youth future-ready. This is the biggest opportunity for the youth of India, and we must take full advantage of this opportunity,” he said.

Mandaviya Says PM Modi Changed Labour-Industry Narrative

Speaking at the event, Union Labour and Employment Minister Mansukh Mandaviya said Prime Minister Modi’s vision had transformed the conventional divide between labour and industry.

He said workers and employers are now both regarded as nation-builders, creating a sense of pride among stakeholders.

“In building a new India, PM Narendra Modi’s vision has transformed thinking and advanced new dimensions. There was a time when those who spoke for labour were considered pro-labour. They were considered anti-industry, and those who spoke for industry were considered anti-labour. But your vision has transformed this narrative. Today, you have defined both employers and workers as national builders, and both feel proud,” Mandaviya said.

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