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Jul 02, 2025
9:24 PM
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The Employment Linked Incentive (ELI) Scheme, recently approved by the Indian government under the leadership of Prime Minister Narendra Modi, is a game-changing initiative for youth employment. Approved on July 1, 2025, this scheme aims to boost employment opportunities for young Indians who are entering the job market for the first time.
Under the ELI Yojana, the central government will provide a financial incentive of Rs. 15,000 to each youth who joins a formal job for the first time and gets registered with the Employees' Provident Fund Organisation (EPFO). This amount will be given in two installments: one after six months of employment, and the second after completing 12 months and a financial literacy course.
This initiative is part of a larger employment package targeted at reaching 4.1 crore youth with benefits including skill development, job placement, and financial support. The ELI Scheme alone is expected to benefit 1.92 crore young job seekers, with an allocated budget of Rs. 99,446 crore.
The scheme is a significant step in addressing youth unemployment and promoting formal job creation in the country. It encourages both companies and employees to opt for formal employment setups. Additionally, companies employing these first-time workers will also receive financial support from the government, up to Rs. 3,000 per employee per month, based on their salary.
The ELI Scheme not only incentivizes first-time job seekers but also motivates companies to recruit and retain young talent. With its transparent Direct Benefit Transfer (DBT) system and no separate application process required, the scheme simplifies access to government support. It has the potential to transform the employment landscape in India.
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