These projects will promote industrial growth, boost tourism and enhance ease of living for the people of Keralam: PM
The expansion of the petroleum sector is essential for Make in India and a self-reliant India, the essence behind laying the foundation stone of the Poly-Propylene unit at Kochi Refinery today: PM
Today, the world praises India for its investments in modern infrastructure; This year's Union Budget has also allocated a record amount of funds for infrastructure: PM
Keralam is reaping tremendous benefits from this investment in infrastructure: PM
These projects will play a pivotal role in fulfilling our resolve for a 'Viksit Keralam': PM

Governor of Keralam Rajendra Arlekar ji, my colleague in the Union Cabinet Suresh Gopi ji, George Kurian ji, Members of Parliament and Legislative Assembly, former Union Minister Rajeev Chandrasekhar ji, ladies and gentlemen! 

Coming to Kochi is always a wonderful experience. Today, from this vibrant coastal city, I have had the opportunity to further accelerate the development of Keralam. A short while ago, projects worth around eleven thousand crore rupees related to Keralam’s development were inaugurated and foundation stones were laid. I extend my heartfelt congratulations to the people of Keralam for these projects. 

My dear friends,

For building an Atmanirbhar Bharat and for Make in India, the expansion of the petroleum sector is very essential. The foundation stone of the Polypropylene Unit at Kochi Refinery has been laid with this very goal in mind. This unit will produce around four lakh tonnes of polypropylene every year. In the coming times, this plant will support numerous industries such as packaging, textiles, automobiles, medical devices, and many more.

My dear friends,

India today is becoming a major hub of manufacturing. The country is also progressing rapidly in the fields of AI and semiconductors. For all such work, more energy is required-especially more green and clean energy. And India has already become one of the top countries in the world in solar power. Our effort is that Keralam also advances further in solar power generation. With this objective, today the foundation stone of a 50-megawatt Floating Solar Project has been laid at West Kallada. Keralam has a large number of water bodies, and therefore, there is immense potential here in the field of floating solar power.

My dear friends,

Today the world highly praises India for the investments being made in modern infrastructure. In this year’s Union Budget too, record funds have been allocated for infrastructure. Keralam is greatly benefiting from this investment in infrastructure. Under the Amrit Bharat Station Scheme, Shoranur Junction, Kuttippuram, and Changanassery railway stations have been modernized. Along with this, electrification of a major section of the Shoranur–Nilambur rail line has also been completed. Today, the Palakkad–Pollachi train service has also been inaugurated. This will provide greater convenience to the people of both Keralam and Tamil Nadu.

My dear friends,

Today, several important road projects in Keralam have also been launched. The construction of a six-lane road will improve connectivity to Azhikkal Port. The six-lane Kozhikode bypass will reduce traffic congestion and save travel time. All these projects will benefit the farmers of Keralam and will give a boost to tourism and other industries here.

My dear friends,

Every rupee spent on infrastructure creates new employment opportunities. All these projects will provide new jobs to thousands of youth in Keralam. I am fully confident that these projects will play a crucial role in fulfilling our resolve of a developed Keralam.

Once again, I extend my best wishes to all of you.

Thank you!

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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.