PM Viksit Bharat Rozgar Yojana: Decoding new private jobs scheme for India’s youth

Under the scheme, which PM Modi said gets going from August 15 itself, newly employed youth will receive ₹15,000 per month in their first private job.

“Today is 15 August, and we are launching the ₹1 lakh crore scheme for the youth of this country…in good news for you, PM Viksit Bharat Rozgar Yojana is being rolled out from today,” the prime minister said in his Independence Day speech.

There are also incentives for private companies that employ them, according to details mentioned in the scheme's website.