Often many questions are raised by the opposition about employment on the government. To answer this, the Modi government has decided to promote employment. The government has approved a government scheme to give better job opportunities to the youth of the country.

Let us tell you that the Central Cabinet has approved the ELI Scheme, an ELI scheme costing Rs 1.07 lakh crore. Through this scheme, a target has been kept to create about 3.5 crore new employment opportunities in the coming 2 years. The most important thing is that for the first time, the youth working for the first time can also get a profit of up to Rs 15,000. Also, companies are going to be given incentive on keeping new employees.

What is ELI Scheme?

The purpose of implementing ELI scheme is to create maximum employment opportunities in the country. Youth have to increase the capacity to get employment and give them social security. This scheme is going to be applicable to all sectors, although the main focus will remain on the manufacturing sector. This scheme is divided into 2 parts.

For those who get jobs for the first time

In the first part of this scheme, the government will give help up to Rs 15,000 as EPF allowance to the youth working for the first time. This amount is going to be given in 2 installments. The first installment will be available after 6 months of job, while the second installment will be given after the completion of 12 months of service. The government believes that about 1.92 crore youth will benefit from this.

For employees

Under the second part of the scheme, such employees will get encouragement, who keep the new employee on job for at least 6 months. In such a situation, they are going to be given a help of up to Rs 3,000 every month for giving jobs to every new employee. These help are going to be given for 2 years. These help for the manufacturing sector can also be extended for the third and fourth year.

Mukesh Ambani’s lottery, on the very first day of July, a profit of 38000 crores

What will be the benefit of this scheme

Under this scheme, those youths who have up to Rs 1 lakh will benefit. This will not only provide financial help to the youth, but companies will also get a boost to give jobs to new people.