India Launches Rs 99,446 Crore Plan to Boost Formal Employment

The Indian government has introduced the Pradhan Mantri Viksit Bharat Rozgar Yojana to enhance formal employment across multiple sectors. This initiative provides financial incentives for both employers and first-time workers entering the formal job market. By 2027, the scheme aims to generate over 3.5 crore jobs, specifically targeting increased employment within the manufacturing sector.