• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Economic Policies

Employment-linked incentive scheme: Who will benefit? todayheadline

July 3, 2025
in Economic Policies
Reading Time: 2 mins read
A A
0
ET logo
1
SHARES
3
VIEWS
Share on FacebookShare on Twitter


The Union Cabinet on Tuesday approved the employmentlinked incentive scheme (ELI), nearly a year after the government announced it in the 2024-25 budget. The scheme is projected to cost the exchequer Rs 99,446 crore. ET looks at the eligibility criteria and benefits to employees and employers under the scheme, which comes into effect on Aug 1.

INCENTIVE TO FIRST-TIME EMPLOYEES

All those who are newly employed with a salary up to `1 lakh per month, and enrolled with the Employees’ Provident Fund Organisation (EPFO), will get an incentive equal to a month’s wage, limited to `15,000, in two instalments at an interval of six months. This money will be credited into the beneficiary account through direct benefit transfer. A portion of the incentive will be frozen for a fixed period to encourage savings. The government projects this to create around 19.2 million new formal jobs in the country.INCENTIVE TO EMPLOYERS
Employers will get up to Rs 3,000 per month for two years for each additional employment created, where the employee stays at the job for a minimum of six months. For the manufacturing sector, incentives will be extended to the third and fourth years as well, but the registration window will remain open only for two years: from August 1, 2025 to July 31, 2027. This is projected to incentivise employers to create another nearly 26.0 million jobs.

Establishments with up to 50 employees and registered with the EPFO will have to hire at least two additional employees to get the scheme benefits. Those employing 50 or more will need to hire five additional employees. For every additional appointment with a monthly wage up to Rs 10,000, the government will reimburse Rs 1,000 a month to the employer. The reimbursement will be Rs 2,000 for creating jobs where the wages range from Rs 10,000 to Rs 20,000 a month, and if the wages are beyond that up to Rs 1 lakh, the incentive will be Rs 3,000. Payments to the employers will be made directly into their PANlinked accounts.

Live Events


WHAT DOES IT MEAN?
EY India estimates that an employer in the non-manufacturing sector hiring 100 additional employees could receive up to Rs 72 lakh over two years. In the manufacturing sector, this would be Rs 1.44 crore over four years.

Tags: benefitemployer incentivesEmployment-linked incentive schemeEmploymentlinkedEPFOgovernment job incentivesIncentiveincentive for first-time employeesmanufacturing sector incentivesschemetodayheadline
Previous Post

Ocean Colour Change – The Poetry of Science todayheadline

Next Post

How the ‘Big, Beautiful Bill’ Could Affect Small Businesses todayheadline

Related Posts

ET logo

Watch: Bengaluru coffee shop staff assaulted over extra cup request; CCTV captures shocking outburst todayheadline

July 4, 2025
4

Sri Lanka rupee opens slightly weaker, bond yields up todayheadline

July 4, 2025
5
Next Post

How the 'Big, Beautiful Bill' Could Affect Small Businesses todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
A hand holding a lit lightbulb beside a blackboard on which various charts are drawn.

Billionaire Bill Ackman May Be the Next Warren Buffett. He’s Buying 2 Magnificent Stocks Up 160% and 270% Since 2023. todayheadline

July 4, 2025

Continental AG stock rating reiterated by Citi, opens positive catalyst watch todayheadline

July 4, 2025
covid-19 sick

Adults who survived childhood cancer are at increased risk of severe COVID-19, says new study

July 4, 2025
What to know about Julio César Chávez's arrest by U.S. immigration officials

What to know about Julio César Chávez’s arrest by U.S. immigration officials

July 4, 2025

Recent News

A hand holding a lit lightbulb beside a blackboard on which various charts are drawn.

Billionaire Bill Ackman May Be the Next Warren Buffett. He’s Buying 2 Magnificent Stocks Up 160% and 270% Since 2023. todayheadline

July 4, 2025
4

Continental AG stock rating reiterated by Citi, opens positive catalyst watch todayheadline

July 4, 2025
6
covid-19 sick

Adults who survived childhood cancer are at increased risk of severe COVID-19, says new study

July 4, 2025
4
What to know about Julio César Chávez's arrest by U.S. immigration officials

What to know about Julio César Chávez’s arrest by U.S. immigration officials

July 4, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

A hand holding a lit lightbulb beside a blackboard on which various charts are drawn.

Billionaire Bill Ackman May Be the Next Warren Buffett. He’s Buying 2 Magnificent Stocks Up 160% and 270% Since 2023. todayheadline

July 4, 2025

Continental AG stock rating reiterated by Citi, opens positive catalyst watch todayheadline

July 4, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co