Jobs-linked incentive programme approved
New Delhi, July 2 -- The Union cabinet chaired by Prime Minister Narendra Modi on Tuesday approved the much-awaited employment-linked incentive (ELI) scheme proposed in the 2024-25 Budget, which will offer fresh recruits in private-sector jobs a month's wages, while firms hiring them will get financial incentives - steps aimed at boosting job opportunities and enhancing skills of working-age people.
The sops, aimed at creating 35 million new jobs in two years, will provide direct financial benefits up to Rs.15,000 in two instalments to 19.2 million first-time employees, Union minister of information and broadcasting Ashwini Vaishnaw said at a briefing. The outlay cleared by the Cabinet for the roll out stands at Rs.99,446 crore. "The aim of the scheme is to create more formal employment and sustain it," the minister said....
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