Cabinet okays ₹1L cr Employment Linked Incentive Scheme to create 3.5 crore jobs

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.