New Delhi, July 1 -- The Union cabinet on Tuesday approved the Rs.1-trillion employment-linked incentives (ELI)scheme, Rs.1-trillion research, development, and innovation (RDI) scheme, and the National Sports Policy 2025, among other decisions.

The ELI scheme, aimed at generating 35 million new jobs in two years, will provide direct financial benefits up to Rs.15,000 to 19.2 million first-time employees, said Union minister of information and broadcasting Ashwini Vaishnaw in a briefing in New Delhi.

First-time employees are those who register with the Employees' Provident Fund Organisation (EPFO) for the first time. Employees with salaries up to Rs.1 lakh will be eligible.

Vaishnaw added that the scheme would also incentivise employers...