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Cabinet okays ₹1L cr Employment Linked Incentive Scheme to create 3.5 crore jobs
The Political and Business Daily
|July 02, 2025
THE Union Cabinet, chaired by Prime Minister Narendra Modi on Tuesday approved the Employment Linked Incentive (ELI) Scheme, with an outlay of Rs 1 lakh crore aimed at creating 3.5 crore additional jobs in the next two years.
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The scheme will 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 of two years for generating additional employment, with extended benefits for another two years in the manufacturing sector.
The ELI Scheme was announced in the Union Budget 2024-25 as part of the Prime Minister’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.
This story is from the July 02, 2025 edition of The Political and Business Daily.
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