Pakistan, July 1 -- India's federal cabinet has approved a Rs.1 trillion ($11.7 billion) Employment-Linked Incentive (ELI) scheme to generate 35 million new jobs between August 2025 and July 2027.

Under the plan, first-time workers will receive one month's salary, capped at Rs.15,000 ($175). Employers who retain new employees for at least six months will get up to Rs.3,000 per month for two years per hire. The manufacturing sector will benefit from an extension of incentives for two additional years beyond the core timeline.

The scheme, first unveiled by PM Narendra Modi in July 2024, is part of a Rs.2 trillion, five-year budget aimed at job creation and skills training. It was accelerated after the ruling party lost ground in recent el...