By Admin 
Eli Scheme: The government in the country is going to start Employment Linked Incentive Scheme (ELI) from August 1. Under this, Rs 15,000 will be given by the government to the youth working for the first time. The purpose of the scheme is to encourage youth for employment, prepare a skilled workforce for the coming time in the country, to meet the immediate need of job creation and promote the manufacturing industry.
Who will get the benefit of the scheme?
The benefit of this scheme of the government will be available to the employees joining between 1 August 2025 and 31 July 2027. The youth who join the job next or first will not be included in the scheme. The government has also kept a budget of Rs 99,446 crore for this.
Not only the employees will get the benefit of this scheme, but companies will also get it. They will be given Rs 3,000 per month per employee. The government wants more and more people to get jobs through this scheme. The government aims to create a more structured and effective framework to promote employment opportunities.
Who will be considered the first job?
Under this scheme, employees who earned up to Rs 1 lakh per month for the first time will be given incentive equal to one month EPF salary. Its maximum limit is Rs 15,000. For the first time, he will be considered as a PF account open for the first time. Suppose you are doing a job somewhere, but your PF does not cut.
After the implementation of the scheme from August 1, as soon as you come under the purview of PF, you will be eligible for this scheme. This money will be found in two installments-: The first installment will be found after six months and the second installment after 12 months after completing the financial literacy program. The government will also give money per employee to the company.
Conditions for Company
The government will give Rs 3,000 a month to the company for per employee with salary of up to Rs 1 lakh. If the salary of an employee is Rs 10,000 or less, then the money will also be given in proportion to the same. If the salary is between Rs 20,000 to Rs 1 lakh, then the company will get 3,000 per employee.
However, the condition is that the company should be registered under the EPFO. If there is less than 50 employees in the company, then two new employees will have to be appointed under this scheme and if more than 50 are, then 5 new employees will have to be appointed, who will have to work with the institute for at least six months.
Another feature of the scheme
Another special thing about the scheme is that it will not have to be applied for this. With the opening of the PF account, your data will go to the government and after deducting PF money for 6 consecutive months, the amount of inauguration will automatically come to your account.
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