Employment Scheme
India's New Employment-Linked Incentive Scheme: Who Gains from the ₹99,446 Crore Job Push?
Sarfraz Khan
4 minutes read
India's ₹99,446 crore ELI Scheme aims for 3.5 crore jobs by July 2027. It benefits first-time formal employees with a 1-month EPF wage (up to ₹15K) and employers with ₹3K/month per additional hire for 2-4 years. Focus on manufacturing. This formalizes labor, boosts youth employment, and encourages savings.