ELI Scheme | Employment Linked Incentive

Описание: The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector. Under the Scheme, while the first-time employees will get one month’s wage (up to Rs 15,000/-), the employers will be given incentives for a period to two years for generating additional employment, with extended benefits for another two years for the manufacturing sector. The ELI Scheme was announced in the Union Budget 2024-25 as part of PM’s package of five schemes to facilitate employment, skilling and other opportunities for 4.1 Crore youth with a total budget outlay of Rs 2 Lakh Crore. 

With an outlay of Rs 99,446 Crore, the ELI Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years. Out of these, 1.92 Crore beneficiaries will be first timers, entering the workforce. The benefits of the Scheme would be applicable to jobs created between 01st August 2025 and 31st July, 2027.

With ELI Scheme, the government intends to catalyse job creation in all sectors, particularly in manufacturing sector, besides incentivizing youth joining the workforce for the first time.  An important outcome of the Scheme will also be formalization of the country’s workforce by extending social security coverage for crores of young men and women.

#ashwinivaishnaw #cabinetdecisions

------------------------------------------------------------------------------------------------------

Subscribe to channel Ashwini Vaishnaw:    / @ashwinivaishnawbjp  
Hit the 🔔 to stay updated!

► Facebook:   / ashwinivaishnawbjp  
► Twitter:   / ashwinivaishnaw  
► Instagram:   / ashwini.vaishnaw