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  • Pradhan Mantri Viksit Bharat Rozgar Yojana: A Step Towards Public Prosperity
    Posted on September 1st, 2025 in Current Affairs
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    India’s Economic Progress and Employment Expansion

    • India’s economic growth has been fueled by its human resource strength.

    • The country has risen from the world’s 10th largest economy in 2014 to the fourth largest today.

    • Employment has expanded significantly, with over 17 crore jobs created in the decade following the economic growth.

    Social Security Coverage

    • India’s social security coverage has significantly improved, from 19% in 2015 to 64.3% by 2025.

    • This expansion makes India the second-largest social security system globally.

    India’s Demographic Divide

    • About 65% of India’s population is under 35 years old, a critical demographic dividend.

    • The government aims to make youth employable, integrate them into the formal economy, equip them with financial literacy, and ensure they are protected by a robust social security net.

    Pradhan Mantri Viksit Bharat Rozgar Yojana

    • Launched in the Union Budget 2024-25, the most ambitious programme in India’s history, expected to create over 3.5 crore jobs over two years.

    • The scheme addresses the dual challenge of youth employment and enterprise competitiveness simultaneously.

    • Benefits will be channelled through Direct Benefit Transfer, ensuring transparency and linking new workers to social security systems.

    The Scheme Signals a Shift from Scheme-based Interventions

    • The scheme signals a shift from scheme-based interventions towards a comprehensive employment ecosystem.

    • It builds on the learnings of earlier initiatives and recognizes that job creation is a shared responsibility.

    A New India

    • The scheme is a concrete step towards converting the demographic dividend into public prosperity.

    • It reaffirms the Modi government’s commitment to support every aspiration and youth.

    India Public Prosperity Initiatives is important topic for Civil service exam (WBCS).

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