TOTAL OUTLAY OF NEW ELI SCHEME IS  RS.99,446 CRORE, THE NEW ELI SCHEME WILL ENCOURAGE THE CREATION OF OVER 3.5 CRORE JOBS IN THE COUNTRY 

The Employees' Provident Fund Organisation (EPFO), Zonal Office (Punjab & Himachal Pradesh Zone), Chandigarh, organized a Press Meet on Tuesday to provide insights and raise awareness about the recently launched Employment Linked Incentive (ELI) Scheme, approved by the Union Cabinet chaired by the Hon'ble Prime Minister Shri Narendra Modi. The ELI scheme has a total Outlay is Rs. 99,446 Crores and it aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years.

The event was addressed by Sh, Rajiv Bisht, Additional Central Provident Fund Commissioner (PB & HP Zone), along with Sh. Amit Singla and Sh. Ritesh Saini, Regional Provident Fund Commissioners-l at Zonal Office, PB & HP.

In his address, Sh. Rajiv Bisht informed the media that the ELI Scheme is an initiative aimed at boosting employment generation, improving employability, and extending social security coverage, with a special focus on the manufacturing sector. The scheme is designed to support both new entrants to the workforce and employers who create additional jobs.   He further explained that the scheme is

structured in two parts:
Scheme Components

Part A – For First-Time Employees: • Applicable to jobs created between 01 August 2025 and 31 July 2027. • Financial incentive equal to one month's wage (up to ₹15,000). • Employees with salaries up to ₹1,00,000 will be eligible. • 1st instalment payable after 6 months of service.
• 2nd instalment payable after 12 months of service.
• Condition: Completion of a Financial Literacy Programme by the employee.
• Estimated beneficiaries: Around 1.92 crore first-time employees.

Part B – Support to Employers: • Covers generation of additional employment in all sectors, with special focus on manufacturing. • Incentive of up to ₹3,000 per month per additional employee for 2 years.  For manufacturing sector, incentives will be extended to 3rd and 4th years. • EPFO-registered establishments must hire:

o At least 2 additional employees (for establishments with fewer than 50 employees), or o At least 5 additional employees (for establishments with 50 or more employees),on a sustained basis for at least six months.

Payment Mechanism
• Under Part A, payments to first-time employees will be made via Direct Benefit Transfer (DBT).  Under Part B, payments to employers will be directly credited to their PAN-linked bank accounts to ensure transparency and efficiency.