Unlock Your Potential: Employment Linked Incentive Scheme (ELI) - Direct Download Link

The Union Cabinet has approved the Employment Linked Incentive Scheme (ELI) aimed at incentivizing additional employment generation, particularly benefiting first-time job seekers. This initiative is focused on enhancing the manufacturing sector while improving employability and social security for workers.

Key Highlights of the ELI

• Incentives for New Employment: The scheme offers financial support to enterprises to encourage new recruitments.
• Support for First-Time Workers: It is designed to directly benefit over 1.92 crore first-time applicants across India.
• Wage Incentive: Eligible employees can receive a one-time wage incentive of up to Rs. 16,000, provided in two installments.
• Employment Assurance: The first half is disbursed after six months of continuous employment, while the second half follows after twelve months of continued employment and participation in a mandatory financial literacy program.

Social Security Provisions

The ELI not only incentivizes job creation but also emphasizes social security. Eligible participants will benefit from:

• Provident savings
• Accident benefits
• Insurance coverage for illness, accidents, or retirement

How to Avail the Benefits

To take full advantage of this scheme, future employees and stakeholders are encouraged to reach out to the Employment Provider Fund Organisation (EPFO) for detailed provisions and guidance.

FAQs about the Employment Linked Incentive Scheme

• Who is eligible for the wage incentive? Any first-time worker in the manufacturing sector may be eligible, depending on the scheme guidelines.
• How is the wage incentive disbursed? The incentive is paid directly to eligible workers in two installments based on employment continuity.
• What is the role of the EPFO? The EPFO provides details on employment provisions and helps navigate the benefits associated with the scheme.

For more information about the Employment Linked Incentive Scheme, download the official documents below:

• Download Official Guidelines from EPFO