₹99,446 crore jobs scheme aims to add 3.5 crore formal jobs by 2027

The Pradhan Mantri Viksit Bharat Rozgar Yojana offers financial incentives to both employers and first-time employees to boost formal employment. It pays workers entering EPFO-covered jobs for the first time and rewards companies that expand and retain their workforce. The ₹99,446 crore scheme aims to create over 3.5 crore jobs, including 1.92 crore for first-time workers, with special incentives for manufacturing.