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Good News for Job Seekers: Govt Okays Employment Linked Incentive Scheme — What Is It and Who Will Benefit?
- The Union Cabinet approved the Rs 1.07 lakh crore Employment Linked Incentive scheme on July 1 to create over 3.5 crore jobs, boosting formal employment and social security.
- The government approved the Rs 1.07 lakh crore Employment Linked Incentive scheme, a flagship part of Modi's third-term agenda, targeting over 3.5 crore jobs in manufacturing and youth employment.
- The scheme targets over 3.5 crore jobs by incentivizing employers to hire at least two or five workers, offering Rs 1,000–3,000 monthly incentives and Rs 15,000 wage support.
- Running from August 1, 2025, to July 31, 2027, the scheme benefits 1.92 crore first-time workers, extends manufacturing incentives for two years, and formalizes workforce social security coverage.
- More broadly, India’s Employment Linked Incentive scheme integrates dual incentives, formalization mandates, and layered financial literacy and digital compliance, aiming for lasting structural employment gains.
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ELI Scheme gets industry thumbs-up as game-changer for job creation
Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and…
Cabinet approves incentive scheme to create 3.5 crore jobs in 2 years - The Tribune
The Union Cabinet on Tuesday approved the Employment Linked Incentive (ELI) scheme aimed at generating over 3.5 crore jobs in two years. The scheme, with a total outlay of Rs 99,446 crore, will support job creation, enhance employability and expand social security coverage across sectors, with a special push for manufacturing.
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