PM Modi claims 70 lakh jobs created under PM-VBRY scheme

Prime Minister Narendra Modi announced that the PM-Vishwakarma Rozgar Yojana (PM-VBRY) has generated 70 lakh (7 million) jobs, highlighting government achievements in employment generation. The scheme targets self-employment and skill development among traditional artisans and craftspeople. PM-VBRY focuses on 18 traditional trades including carpentry, metalwork, textile weaving, and leather craftsmanship. The scheme provides collateral-free loans, skill training, and market linkages to MSMEs and individual artisans. Background: Employment remains critical policy priority with India's large youth population and labor force expansion. Previous schemes like PMEGP and SKILL INDIA aimed at similar objectives. The government targets 10 crore (100 million) skilled workers by 2030. Key features: Financial assistance up to ₹15 lakh, 5% interest subsidy, digital marketing support, and cluster development. Context: Post-pandemic economic recovery required emphasis on job creation; government highlighting employment statistics during election cycles. Exam angle: Questions expected on: employment schemes, MSME support, skilling initiatives, informal economy formalization, and government's welfare programme effectiveness. Data verification aspects—critical for evaluating claim authenticity. Connection: Relevant to economic development, poverty alleviation, and inclusive growth policy questions.