The Employment Linked Incentive (ELI) Scheme is a powerful new initiative by the Indian government to drive formal job creation and economic growth. With a substantial budget of ₹99,446 crore, this program is designed to create a brighter future for both employees and employers.
This scheme isn’t just about statistics; it’s about providing a tangible path to economic stability and social security for millions of people across the country.
Key Benefits for All
The ELI Scheme is structured to be a win-win for everyone involved. It offers dual benefits that directly address the needs of both the workforce and businesses.
- For Employees: Individuals entering the formal workforce can receive an incentive of up to ₹15,000. This financial boost is a significant motivator, helping to make formal employment more accessible and appealing.
- For Employers: To encourage businesses to expand their teams, the scheme provides a financial incentive of up to ₹3,000 per month for each new employee. This support helps to reduce the financial burden of hiring, making it easier for companies to grow and create new opportunities.
Ambitious Goals for a Formal Economy
The ELI Scheme operates on an ambitious timeline, running from August 2025 to July 2027. During this period, the program aims to generate a monumental 3.5 crore (35 million) formal jobs.
This ambitious goal is a key step towards formalizing the Indian workforce, which in turn leads to enhanced social security and a more stable, productive economy. The Employment Linked Incentive (ELI) Scheme is more than just a government program; it’s a strategic investment in India’s human capital. By incentivizing both job creation and formal employment, it lays the groundwork for sustainable growth and empowers millions of citizens with the security and benefits of a formal job.
