New Delhi, July 2 -- Having been announced in the budget, India's employment-linked incentive scheme (ELI) now seems ready for roll- out. On Tuesday, the Union cabinet approved an outlay of Rs.1 trillion for it with the aim of creating as many as 35 million jobs over two years.

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Under this scheme, first-time employees whose salary is under a certain limit will be given up to Rs.15,000 in two instalments and employers will get up to Rs.3,000 per month for two years for every additional employee hired and kept employed for at least six months.

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In the manufacturing sector, th...