The Pradhan Mantri Viksit Bharat Rozgar Yojana is an employment-generation and formalisation-oriented initiative aimed at encouraging creation of new formal jobs and expanding social-security coverage.

The scheme is particularly relevant to India's objective of increasing formal employment and strengthening the organised labour market.

Key Pointers

  • Category: Indian Economy / Employment
  • Focus: Employment generation and formalisation.
  • Encourages employers to create additional formal jobs.
  • Supports expansion of social-security coverage.
  • Important linkages:
    • EPFO
    • Formal employment
    • Labour-market participation
    • Youth employment
    • Job creation
  • Reflects the broader Viksit Bharat objective.

Prelims Focus: Employment generation → formalisation → social security.