New Delhi: The central government is taking big steps to encourage employees by increasing employment opportunities. If you are going to become a new EPF member, then the central government will give an incentive amount of Rs 15000. This amount will be given through the Employment Linked Incentive Scheme, which aims to encourage new PF employees.
Under this incentive scheme, the central government will give Rs 15000 to the youth who are working for the first time. The scheme will be run by the Employees Provident Fund Organisation. Additional Central Provident Fund Commissioner of Punjab and Himachal Pradesh Zone Rajiv Bisht has given some special information about it, by knowing which you can end your confusion.
Know who will get the benefit.
According to Rajiv Bisht, the ELI scheme will be run by the Employees Provident Fund Organisation. Through this scheme, new members joining EPFO will get the benefit. The scheme has two parts. In the first part, there are such youth who have joined the job for the first time and are listed with the EPFO. The work of giving an incentive amount will be done to such employees.
One month’s EPF salary amount of Rs 15,000 will be provided in two instalments. This will create a different enthusiasm among the youth. The youth created in EPFO will directly benefit from this. According to Central Provident Fund Commissioner Rajiv Bisht, the ESI scheme has been implemented from August 1 to July 31, 2027.
This means that the youth joining after August 1 will be given money by the government. At the same time, in the second part of the scheme, the company has also been given preference. The amount will also be released for the company on hiring a new employee. Meaning
What is the purpose of the scheme?
For information, let us tell you that in the last financial budget, the central government announced an incentive scheme to make the youth happy. This scheme is part of the package of 5 schemes of PM Modi. Under this scheme, a total of 4.1 crore youth are to be provided employment, skill development and other facilities. Its purpose is to prepare a skilled workforce for the future in the country and encourage youth for employment.