New Scheme Aims to Add 3.5 Crore Formal Jobs
The government's Pradhan Mantri Viksit Bharat Rozgar Yojana offers financial incentives to employers and to first-time employees entering the formal job market. The scheme, with a planned outlay of Rs 99,446 crore, aims to create more than 3.5 crore jobs.
Context
Context: Formal jobs have regular pay and social security, while many Indian workers are in informal work without these protections. Schemes like this usually aim to bring more people into the formal workforce.
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