Viksit Bharat Rozgar Yojna to create 3.5 crore jobs in next two years: PM Modi during 79th I-Day speech

Prime Minister Narendra Modi hoisted the national flag on the occasion of 79th Independence Day at the Red Fort in Delhi today. During his speech, he said that the government has launched PM Viksit Bharat Rozgar Yojna, which is expected to create around 3.5 crore jobs in the next two years.

The Prime Minister, while addressing the nation on Friday, also announced a transformative sports policy to create a strong ecosystem that will support talent from school-level games to the Olympics.

"Today is August 15 and we are launching a Rs 1 lakh crore scheme for the youth of this country. It is good news for you that PM Viksit Bharat Rozgar Yojana is being rolled out from Today,” the Prime Minister said during his Independence Day speech.

“Under this scheme, the youth getting the first job in the private sector will get Rs 15,000 and the companies (employing them) will get incentive amounts. With an outlay of Rs 99,446 crore, the PM Viksit Bharat Rozgar Yojana (PMVBRY) aims to incentivise the creation of more than 3.5 crore jobs over two years,” he added.

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'Introducing National Sport Policy after decades'

Emphasising on sports activities for children, PM Modi said that sports are an important aspect of India’s journey towards becoming a developed nation.

The new transformative sports policy is aimed at creating an ecosystem that nurtures talent from school-level games to the Olympics, creating opportunities to reach even the most remote corners of the country.

The policy will work towards sporting growth that covers the farthest school to the elite Olympics. It also revamped a funding mechanism, including initiatives such as “adopt an athlete, adopt a district, adopt a venue, one-corporate-one sport, one PSU-one state,” Modi said.

"To promote sports, we have come up with the National Sports Policy after several decades. It would ensure development of sports, from school to the Olympics. We will develop an ecosystem whether it is coaching, fitness or infrastructure. We will create an ecosystem that penetrates the farthest corner of the country," he stated.