Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) is introduced to enhance formal employment across various sectors. The scheme includes financial incentives for both employers and first-time employees entering the formal job market. PMVBRY aims to create more than 3.5 crore jobs including 1.92 crore first-time workers by 2027. It targets an increase in manufacturing employment with unique incentives for the sector.
