Employment Linked Incentive (ELI) Scheme
▪ The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme to provide benefits to the newly registered employees with less than 1 lakh wages, and employers.
▪ It will support employment generation, enhance employability and social security across all sectors, with special focus on 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.
▪ It aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years.
