New Delhi, July 2 -- The Union Cabinet, led by Prime Minister Narendra Modi, has approved the Employment Linked Incentive (ELI) Scheme, a major initiative aimed at generating over 3.5 crore jobs in the next two years.

With a focus on enhancing employability, promoting social security, and boosting the manufacturing sector, the scheme was announced in the Union Budget 2024-25 as part of a Rs 2 lakh crore employment package targeting 4.1 crore youth.

With a total outlay of Rs 99,446 crore, the scheme will cover jobs created between August 1, 2025, and July 31, 2027. It is structured in two parts - one for first-time employees and another for employers generating new jobs.

Part A focuses on first-time employees. Around 1.92 crore individu...