India, Aug. 15 -- During his Independence Day address at Red Fort on Friday, Prime Minister Narendra Modi announced Rs.15,000 aid for youth entering the private sector job market for the first time under the Pradhan Mantri Viksit Bharat Rozgar Yojana.

Over 3.5 crore young people are expected to benefit from this scheme.

"My country's youth, today is 15th August, and on this very day, we are launching a scheme worth Rs.1 lakh crore for the youth of our country. From today, the Pradhan Mantri Viksit Bharat Rojgar Yojana is being implemented... Under this scheme, young men and women getting their first job in the private sector will receive Rs.15,000 from the government. Companies that create more employment opportunities will also be give...