 "Mansukh Mandaviya, Mansukh, Mandaviya")
Union Minister of Youth Affairs and Labour Mansukh Mandaviya | (Photo: PTI)
Union Labour Minister Mansukh Mandaviya on Tuesday said the ministry will move a Cabinet note on the employment-linked incentive (ELI) scheme announced in the Union Budget 2024-25 in July.
The minister emphasised upon the importance of a robust mechanism to ensure that the benefits of the ELI Scheme reach the true beneficiaries.
“The ministry is finalising a Cabinet note on ELI scheme and it will be soon placed before the Cabinet for approval,” he told reporters here.
The ELI Scheme aims to create over 20 mn jobs in the country in a period of 2 years. This will significantly contribute to increasing employment opportunities and enhancing livelihood.
Three schemes for ‘Employment Linked Incentive’ were announced in Union Budget 2024-25 as part of the Prime Minister’s package of five schemes and initiatives to facilitate employment, skilling and other opportunities for 410 mn youth over a 5-year period with a central outlay of Rs. 2 trillion.
Finance Minister Nirmala Sitharaman had announced in the Union Budget that the government will launch three employment-linked schemes based on enrolment in Employees’ Provident Fund Organization (EPFO).
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Sep 17 2024 | 8:31 PM IST
