🚨 India's Big Push Towards Employment Generation 🚨

The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme — a ₹1 lakh crore initiative aimed at creating 3.5 crore new jobs in the next two years.

So, what makes this scheme significant?

🔹 Dual Focus:

Part A supports first-time employees (with incomes under ₹1 lakh/year) by offering up to ₹15,000 in EPF-linked benefits—split over two installments and tied to job retention and financial literacy.

Part B provides employers with incentives of up to ₹3,000/month per new hire, promoting sustained employment. For manufacturing, this support may extend up to 4 years.

🔹 Targeted Outcomes:

1.92 crore individuals are expected to enter the workforce for the first time.

Boost to labour-intensive and manufacturing sectors.

Focus on sustainable employment — not just job creation but job continuity.

This move comes at a time when reviving urban demand and strengthening private hiring is crucial for economic recovery.

The ELI scheme aligns incentives for both job-seekers and job creators — a necessary shift for inclusive, long-term economic growth. 💼📈

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