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.