US EditionGood News for Job Seekers: Govt Okays Employment Linked Incentive Scheme — What Is It and Who Will Benefit?
- On July 1, 2025, the Union Cabinet approved the Employment Linked Incentive Scheme with a 1.07 lakh crore budget to boost job creation nationwide.
- The scheme, announced in the Union Budget 2024-25, aims to increase formal employment with specific incentives for first-time workers and the manufacturing sector.
- The scheme provides up to ₹3,000 monthly incentives for two years per new employee earning up to ₹1 lakh annually, targeting over 3.5 crore jobs from August 2025 to July 2027.
- Minister Ashwini Vaishnaw described the scheme as a comprehensive package aligned with past employment announcements to propel growth in India's manufacturing-driven economy.
- This initiative intends to catalyse widespread employment, encourage youth workforce entry, and strengthen economic competitiveness over the two-year period.
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45 Articles
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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