New Delhi, July 1: Union Minister Ashwini Vaishnaw said that the Union Cabinet approved Employment Linked Incentive Scheme to boost job creation, incentivize first-time employees and strengthen social security for the workforce in the country.
He added that with an outlay of Rs. 99446 crore, the ELI Scheme will support creation of over 3.5 crore jobs.
Gives details on the Employment Linked Incentive Scheme approved by the Union Cabinet, the Union Minister said that the focus of the Employment Linked Incentive Scheme will be on the manufacturing sector.
It has two parts; part one is for first timers and part two for support to sustained employment” 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.
He added that 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.
The Scheme consists of two parts with Part A focused on first timers and Part B focused on employers.
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