- Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) has helped India reach the lowest unemployment rate of 2% among G20 nations.
- National Career Service (NCS) portal supports over 5.79 crore job seekers with 44 lakh active vacancies and partnerships with Mentor Together and Quikr.
- Government schemes like MUDRA and PM SVANidhi work alongside PM-VBRY by promoting self-employment and entrepreneurship.
India’s job market has been changed by the Pradhan Mantri Viksit Bharat Rozgar Yojana, a key scheme that has helped the country achieve the lowest unemployment rate among G20 nations. Focusing on creating jobs, especially for people entering the workforce for the first time, this scheme is part of a wider government effort to boost employment and entrepreneurship. Important terms related to this scheme include PM-VBRY, job creation, National Career Service, and youth employment programs.
How Pradhan Mantri Viksit Bharat Rozgar Yojana Affects India’s Employment
According to the World Economic Forum’s ‘The Future of Jobs Report 2025’, India’s unemployment rate is an impressive 2%, the lowest among G20 countries. This success is mainly due to fast economic growth and the government’s focused job schemes like PM-VBRY. The scheme encourages job creation in sectors like services, manufacturing, and agriculture, making a wide impact on the workforce.
Main Features and Benefits of PM-VBRY
Started with a budget of ₹99,446 crore, PM-VBRY aims to create over 3.5 crore jobs within two years. About 1.92 crore of these jobs are meant for first-time workers, helping young people begin their careers with confidence. The scheme is part of a larger ₹2 lakh crore package announced by Prime Minister Narendra Modi to support jobs, skill development, and opportunities for 4.1 crore youth.
How National Career Service (NCS) Helps with Job Opportunities
The National Career Service (NCS) portal has become a main part of India’s job market. With nearly 52 lakh registered employers and 5.79 crore job seekers, the portal currently has over 44 lakh active job openings. It offers a one-stop place for job listings, counselling, and skill training, making it easier for job seekers to find the right opportunities.
Partnerships That Improve Job Opportunities through NCS
To make the job market stronger, the Ministry of Labour & Employment signed agreements with Mentor Together and Quikr. These partnerships provide mentoring and real-time job listings on the NCS portal. Quikr adds over 1,200 daily job listings from more than 1,200 cities, increasing access to jobs, especially in rural and less-served areas.
Support for Young and First-Time Job Seekers
Mentor Together offers personalized career mentoring, aiming to help two lakh youth in its first year, including one lakh from NCS and one lakh PM-VBRY entrants. This scheme makes sure that first-time job seekers, especially from less-served backgrounds, get guidance from over 24,000 trained professionals. The support reaches city and district levels, making sure no job seeker is left out.
Government’s Wider Employment and Entrepreneurship Schemes
Along with PM-VBRY, the government has started helpful schemes like MUDRA and PM SVANidhi to promote self-employment and entrepreneurship. These programs support job creation by encouraging people to start their own businesses, which creates more jobs and helps the economy grow.
These combined efforts show a future-ready job model that is digital, inclusive, and respectful. If you are looking for a job or want to start a business, checking out the opportunities under PM-VBRY and related schemes through the NCS portal can be a great step towards a bright career.