
PRADHAN MANTRI VIKSIT BHARAT ROZGAR YOJANA (PMVBRY): ONE YEAR OF EMPLOYMENT LINKED INCENTIVES UNDER MINISTRY OF LABOUR AND EMPLOYMENT
BACKGROUND
As India transitions towards a developed country, economic growth is accelerating faster, creating productive and formal employment opportunities for its growing workforce, particularly its young population. As per PLFS Annual Report 2025, Youth (age 15-29) unemployment rate has declined 9.9% in 2025 from 10.3% in 2024, While the manufacturing sector improved from 11.6% to 12.1% in 2025, still leave a substantial gap between the size of India's workforce entering the labour market each year and the pace of formal job creation.






