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Exchange of MoUs in the presence of Prime Minister, on the sidelines of the inauguration of Make in India Centre

Published By : Admin | February 13, 2016 | 16:27 IST
Key MoUs exchanged in the presence of PM Modi on the sidelines of inauguration of #MakeInIndia Centre
#MakeInIndia: Pro-farmer MoUs signed in the presence of Prime Minister in Mumbai

1) MoU between Twin Star (Sterelite is Holding Company) and Maharashtra Industrial Development Corporation which is investing into LCD FAB with techno partner AUTRON from Taiwan. This will be first of its kind of project in India. The proposed investment will be Rs. 20000 Crores. 

2) MoU between M/s Hindustan Coca Cola Beverages Private Ltd. ,Jain Irrigation Pvt Ltd and Dept. of Agriculture and Marketing, Govt. of Maharashtra for setting up a Juice Manufacturing Facility to support farmers growing oranges in Vidarbha - the project intends to give higher value to orange growers and generate gainful employment. The project is expected to benefit 5000 farmers with an average landholding of 2 acres each.

3) MoU between M/s Raymond Industries and Maharashtra Industrial Development Corporation as part of “Farm to Fabric” initiative. Raymond intends to invest Rs. 1400 cr. for manufacturing of Linen Yarn and fabric and Garmenting. The unit will be set up in Nandgaon Textile Park at Amravati District which will procure cotton from the farmers in the district and Vidarbha region which has been affected by suicides and farmers distress.

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PM to disburse incentives worth around ₹2,400 crore under PM-VBRY on 19 June
June 17, 2026
First-Time Employees to Receive Incentive of up to ₹15,000
To encourage sustained job creation, Employers eligible for Incentive of up to ₹3,000 per Month per Additional Employee
PM-VBRY is designed to facilitate Job Creation, Formalisation of Employment and Expansion of Social Security Coverage
Scheme has already Facilitated Employment for 15 Lakh Beneficiaries Across the Country

Prime Minister Shri Narendra Modi will disburse incentives worth around ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held on 19 June 2026 at 5 PM at Vigyan Bhawan, New Delhi.

The disbursal marks a significant milestone in the implementation of PM-VBRY, the Government of India’s flagship employment-linked incentive scheme aimed at accelerating job creation, promoting formalisation of employment, enhancing employability, and expanding social security coverage across sectors. The scheme has already supported the creation of 15 lakh employment opportunities across the country.

PM-VBRY is designed to encourage both workers and employers to participate in the formal economy. Under the scheme, first-time employees are eligible for an incentive of up to ₹15,000, providing crucial support as they enter the workforce. Employers generating additional employment are eligible for incentives of up to ₹3,000 per month per additional employee, thereby encouraging sustained job creation. Recognising the strategic importance of manufacturing in driving economic growth, employers in the manufacturing sector are eligible to receive incentives for a period of four years, while employers in all other sectors can avail incentives for two years.

The scheme reflects the Government’s commitment to fostering an enabling ecosystem for employment-led growth and ensuring that the benefits of India’s economic progress translate into quality formal employment opportunities for its youth.

PM-VBRY came into effect on 1 August 2025. With a total outlay of ₹99,446 crore, the scheme aims to incentivise the creation of more than 3.5 crore jobs over a two-year period. Of these, approximately 1.92 crore beneficiaries are expected to be first-time entrants into the workforce. By supporting both employees and employers, the scheme is playing a transformative role in expanding formal employment, strengthening social security coverage, and advancing the vision of a Viksit Bharat.