Srinagar, Jun 18: The Government of India has launched the Pradhan Mantri Viksit Bharat Rojgar Yojana (PMVBRY), formerly known as the Employment Linked Incentive (ELI) Scheme to promote employment generation, enhancing employability, and expanding social security coverage across all sectors of the economy, with a special emphasis on the manufacturing sector. Under the Scheme, while the first-time employees will get one month’s wage (up to Rs 15,000/-), the employers will be given incentives for a period to two years for generating additional employment, with extended benefits for another two years for the manufacturing sector. With a total outlay of ₹99,446 crore, PMVBRY aims to facilitate the creation of over 3.5 crore jobs across the country over a period of two years. Out of these, approximately 1.92 crore beneficiaries are expected to be first-time entrants into the formal workforce.