Employment Linked Incentive (ELI) Scheme
The Employment Linked Incentive (ELI) scheme, awaiting Union Cabinet approval, seeks to promote job creation and enhance workforce employability with a budget exceeding ₹10,000 crore. It offers financial incentives to employees registered with EPFO, including up to ₹15,000 in three instalments for those earning under ₹1 lakh monthly. The scheme comprises three parts, targeting first-time employees (Part A), the manufacturing sector (Part B), and employers hiring new workers (Part C). Implementation will be overseen by the EPFO, which has established a management unit and is developing an IT system for registrations, incentives, and grievance redressal.
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