Cabinet approves Rs 1.07 lakh cr Employment Linked Incentive scheme to create 3.5 cr jobs in 2 years

The Cabinet has approved a ₹1.07 lakh crore Employment-Linked Incentive (ELI) Scheme. This substantial outlay aims to boost employment generation across various sectors by providing incentives tied to job creation. The scheme is designed to encourage companies to expand their workforce and invest in labor-intensive industries, thereby addressing unemployment and stimulating economic growth. By offering financial incentives for new hires, the government seeks to foster a more conducive environment for job creation, particularly in sectors with high employment potential, contributing significantly to the national goal of increasing livelihood opportunities and economic prosperity.