Modi government approved new incentive scheme, salaried person will get the benefit

Central Government- The Union Cabinet on Tuesday approved the Employment Linked Incentive (ELI) scheme worth about Rs 1 lakh crore. Many such provisions have been made in this scheme of the Modi government, which will increase employment opportunities. Through this, more than three and a half crore employment opportunities will be created across the country in the next two years.

Giving information about the cabinet decisions, Union Information and Broadcasting Minister Ashwini Vaishnav said that the scheme has been divided into two parts. In Part-A, employees who get jobs for the first time will get one month’s salary (maximum Rs 15,000) in two installments. In Part-B, up to three thousand rupees per employee will be given directly to the employer’s account every month for two years. The manufacturing sector will also get extended benefits for two years.

The benefit of the scheme will be given on jobs obtained between 1 August 2025 and 31 July 2027. Vaishnav said that its goal is to create new opportunities for additional employment in the formal sector, increase the employability and social security of the workforce. Also, the National Manufacturing Mission is to be accelerated with a better workforce.

Benefits will be given as per monthly salary

1. Employees from all sectors getting employment for the first time will get the benefit.
2. Around 1.92 crore employees will be able to benefit from Part-A.
3. Employees earning up to Rs 1 lakh per month will be eligible
4. The employee will get the amount paid in the sixth and 12th month.
5. This will promote the habit of saving among new employees
6. Part-B: Benefits to Companies
7. Companies will be given incentives in proportion to their salary for two years. This will be a maximum of Rs 3000 per employee
8. Payment every six months on hiring additional employees
9. Incentives will also be given in the third and fourth year for providing employment from the manufacturing sector.

Eligibility Conditions

• Employers must hire additional workers beyond the prescribed limit
• Establishments registered with EPFO ​​having less than 50 employees will have to employ a minimum of two additional employees
• Establishments with more than 50 workers will have to employ a minimum of five additional employees.
• These additional employees must be appointed on a continuing basis for a minimum period of six months.
• All payments under Part-A will be made through DBT using Aadhaar Bridge Payment System (ABPS).
• Under Part-B, payments to employers will be made directly into their PAN linked accounts.

This is how payment will be made

• One month’s salary (maximum Rs 15,000) will be given.
• Benefit to employer of additional employee EPF salary per month
• Slab (in Rs.) Additional Amount
• 1,000 up to Rs 10,000
• 10 to 20 thousand rupees 2,000
• 20 thousand to one lakh 3,000.