Employment Linked Incentive Scheme
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The Union Budget 2024-25 introduced the Employment Linked Incentive (ELI) Scheme to boost job creation and skill development. Under this, three schemes were announced: ✅ Scheme A: ₹15,000 benefit for first-time EPFO-registered employees. ✅ Scheme B: Job creation incentives for both employer & employee in manufacturing for up to 4 years. ✅ Scheme C: ₹3,000/month reimbursement to employers per new employee. This initiative supports India’s youth and economic growth through targeted employment incentives. Follow ZenStudy for daily UPSC updates, policy insights, and exam-ready content that simplifies current affairs!
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