The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a ₹99,446 crore central scheme incentivizing the creation of 3.5 crore formal jobs. By providing direct EPF wage bonuses to first-time employees and monthly subsidies to employers, it combats youth unemployment and accelerates economic formalization.
Click to View MoreTeam India secured two Silver Medals and three Merit Awards across multiple categories at the Taipei Capital Cup 2026, an international skilling competition held in Taiwan.
Click to View MoreThe SANKALP (Skill Acquisition and Knowledge Awareness for Livelihood Promotion) scheme, launched in 2018 by the Ministry of Skill Development and Entrepreneurship with assistance from the World Bank, aims to strengthen short-term skill training by improving institutional capacity, ensuring industry relevance, and promoting inclusion of marginalised groups. However, audit findings by the Comptroller and Auditor General of India and observations of the Public Accounts Committee have highlighted concerns such as underutilisation of funds, slow implementation, weak monitoring mechanisms, and lack of preparedness. The issue underscores the need for stronger governance, outcome-based implementation, better industry linkages, and integration of vocational education within the school system to improve employability and effectively harness India’s demographic potential.
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