Many people are unaware of this EPFO scheme, which can provide thousands of rupees in benefits. This scheme is highly profitable and helps employees receive a significant amount of money. The Employees’ Provident Fund Organization (EPFO) runs this special scheme to provide financial support to those who have just started their jobs. Through this scheme, funds are directly credited to employees’ bank accounts via DBT (Direct Benefit Transfer) based on their salary. In this article, we will share all the details about this special EPFO scheme.
Money in Installments:
Through the EPFO scheme, money is transferred directly to the employees’ bank accounts in three installments.
What is the ELI Scheme?
The Employment Linked Incentive (ELI) Scheme was announced by the government in the 2024 budget. The scheme consists of three types: A, B, and C. The main goal of these schemes is to create jobs and offer financial assistance to new employees.
How Much Money Is Available?
Under the EPFO ELI scheme, employees can receive up to ₹15,000 in three installments.
How to Avail the Benefits of the ELI Scheme?
To benefit from the government’s Employment Linked Incentive Scheme, EPFO members need to activate their Universal Account Number (UAN) and link their Aadhaar with their bank account.
How to Activate UAN:
- Visit the EPFO website at epfindia.gov.in.
- Click on “For Employees” in the Services section on the left.
- Then, select “Member UAN Online Service OCS OTCP” from the second option in the Services column.
- Click on “Activate UAN.”
- Fill in your 12-digit UAN, Aadhaar number, name, date of birth, Aadhaar-linked mobile number, captcha code, etc.
- Tick the checkbox below and click on the “Get Authorization Pin” button.
- Enter the OTP received and click “Submit.”
- By following these steps, your UAN will be activated.