New Delhi, July 2 -- The Polit Bureau of the Communist Party of India (Marxist) on Wednesday opposed the approval granted by the Union Cabinet to the Employment Linked Incentive (ELI) Scheme, which is intended to transfer money to big corporate houses and demands the government to immediately scrap the ELI scheme and protect the interests of the workers.

CPI (M) in a statement said, "This is another attempt by the BJP-led central government to benefit the corporates at the cost of the workers. It is yet another example of its cronyism."

"The ELI scheme is another deceptive scheme of transferring public funds to the corporates, veiled in the promise of enhancing job creation, employability and social security to delude the youth," CPI(M)...