ELI Scheme: What is this government incentive scheme related to employment? How to get a job, know who can apply..

The central government has come up with a new scheme in the interest of the people, which can benefit everyone. This is an incentive scheme of the government related to employment, which has been given the Employment Linked Incentive, i.e., ELI scheme. Unemployment is increasing day by day in the country. The youth are studying, but after that they have to struggle for jobs. Keeping this in mind, the Modi government has approved the ELI scheme. Let us know how the youth will get jobs under this scheme, what the benefits will be, and who can apply for the scheme.

What is the ELI scheme?
The ELI scheme is an ambitious initiative of the Modi government, which aims to promote employment generation in the private sector. This scheme mainly encourages companies to hire more and more employees, and in return, they will be given government subsidies or financial benefits. Under this scheme, more than 3.5 crore jobs will be created in the next 2 years, out of which about 2 crore youth will get jobs for the first time. This scheme will apply to jobs created from 1 August 2025 to 31 July 2027.

This scheme was announced by Finance Minister Nirmala Sitharaman during the Union Budget. About one lakh crore rupees will be spent under the scheme. This scheme is an important step towards accelerating the economic pace of the country, providing employment opportunities to the youth, and formalizing the 'labor market'.

What will be the benefit?

Under the ELI scheme, the government will give incentives up to Rs 15,000 in two installments to people joining the job for the first time. The first installment will be given 6 months after joining the job, while the second installment will be given after 12 months. This incentive amount will also be given to employees with a salary of up to Rs 1 lakh.

Apart from this, companies will also be given separate incentives for 2 years to create more and more jobs. They will be given Rs 3,000 every month. Overall, this scheme is especially beneficial for those youth who have recently got employment or who became unemployed after the pandemic.

Who can apply?

Anyone can take advantage of this scheme of the government, because at present no qualification has been fixed for it, that is, all those who are unemployed will be able to take advantage of the scheme after getting employment.

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