Startups Unaware of Govt's Rs 3,000 Monthly Hiring Incentive Scheme: TeamLease Report
How It Works
S
Storyboard•20-01-2026, 13:14
Startups Unaware of Govt's Rs 3,000 Monthly Hiring Incentive Scheme: TeamLease Report
- •Only 5.4% of startups and micro businesses are aware of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), despite its Rs 3,000 monthly hiring incentive.
- •Large organizations show significantly higher awareness at 83%, indicating a major information gap.
- •The scheme aims to boost employment, enhance employability, and formalize the workforce.
- •Among aware employers, skill development support (51.8%) is a stronger motivator than direct hiring subsidies (18.6%).
- •Awareness varies across roles and sectors: highest in Compensation & Benefits (71.7%) and FMCG (72.2%), lowest in educational services (33.3%).
Why It Matters: Despite significant incentives, most startups are unaware of PM-VBRY, hindering its employment goals.
✦
More like this
Loading more articles...
