Employment Linked Incentive (ELI) Scheme

• Why in News?
  • The Employment Linked Incentive (ELI) Scheme was introduced in the Union Budget 2024–25 as one of five key initiatives under the Prime Minister’s employment and skilling package. 
• Key Provisions:-
  • Designed to stimulate job creation and strengthen workforce development, the scheme is implemented by the Ministry of Labour & Employment. 
  • With a substantial allocation of ₹99,446 crore for the period 2025–2027, the ELI Scheme aims to generate 3.5 crore jobs, including 1.92 crore positions for first-time workers. 
  • Its primary focus is on improving employability, promoting formal employment, and expanding access to social security benefits, especially within the manufacturing sector. 
  • The scheme serves as a strategic intervention to bridge employment gaps while fostering economic growth and inclusion. 
  • By incentivizing employers to create new job opportunities, the initiative not only addresses unemployment but also supports long-term skill development across key industries, laying the foundation for a more resilient and inclusive workforce in India.

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