Delivering his 12th Independence Day speech, Prime Minister Narendra Modi on Friday announced the launch of the Pradhan Mantri Viksit Bharat Rojgar Yojana. This Rs 1 lakh crore mega employment initiative takes effect immediately. The scheme aims to create job opportunities for nearly 3.5 crore young people across the country.
"There is good news for the youth of the country. On Independence Day, we are implementing the Pradhan Mantri Viksit Bharat Rojgar Yojana, a Rs 1 lakh crore project, from today onwards. This will create job opportunities for almost 3 crore youths of the country," Modi said.
Rs 15,000 incentive for first-time jobholders
Under the scheme, every young person securing their first job will receive an incentive of Rs 15,000. The programme seeks to make the job market more accessible and rewarding for fresh entrants, enabling them to establish themselves in various industries.
The initiative will also provide direct financial assistance of Rs 15,000 to promote entrepreneurship, improve skill development, and support self-reliance among India's youth.
This announcement signals the government’s renewed focus on youth empowerment as a key force in driving India’s growth story.
PM Modi on India's semiconductor push
Highlighting India's rapid progress in the semiconductor sector, PM Modi announced that the first made-in-India semiconductor chip will be launched in the market by the end of this year. Speaking on the 79th Independence Day, he said the government is working in “mission mode” to strengthen the country’s position in this technology-driven century.
Modi noted that six semiconductor units are already operational, while four new units have been approved. “We broke free from that burden and took the semiconductor initiative forward in mission mode. To the youth of the nation and to those around the world who recognise India’s technological strength, I want to say this: by the end of this very year, ‘Made-in-India’ chips will be available in the market," he said.
