The Indian government introduced the Employment Linked Incentive (ELI) Scheme in Budget 2024-2025 and it was authorized on July 1st to encourage job creation and boost the economy. In the Union Budget 2024-2025, the ELI plan was launched with a total budgetary allocation of Rs.2 lakh crore. The five measures in the PM’s package aim to help 4.1 crore young people find employment, advance their skills and access other opportunities. The Budget 2024 established three Employment Linked Incentive Schemes to boost formal sector hiring and employment.
Employment Linked Incentive Scheme 2025
The government of India introduced the Employment Linked Incentive (ELI) Scheme, a program that provides financial assistance to firms and new hires in an effort to create formal employment in Budget 2024-2025. Employees who want to profit from the ELI plan must enroll in EPFO and fulfill the Aadhaar bank seeding criteria. The deadline for Aadhaar seeding and UAN activation for workers entering in FY 2024-2025 has been extended by the EPFO to 30 June 2025.
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Keywords of Employment Linked Incentive Scheme 2025
| Name of the scheme | Employment Linked Incentive Scheme 2025 |
| Launched by | Government of India |
| Year | 2025 |
| Beneficiaires | New Employees and companies |
| Objective | To provide financial assistance |
| Required documents | Aadhar card,Pan card |
| Application process | Online/Offline |
| Offical website | https://www.epfindia.gov.in/site_en/index.php |
Objective of Employment Linked Incentive Scheme 2025
The main objective of this scheme is to provide incentives for the development of nearly 3.5 crore employment in the nation during a two-year period. Among these, 1.92 crore beneficiaries would be those who are just starting their careers.
Jammu Kashmir Employment Registration
Employment Linked Incentive Scheme Part A
This scheme provides newly recruited workers with a one month EPF wage incentive up to Rs.15,000 which is paid out in two installments. Eligible individuals earn up to Rs 1 lakh. The first installment is paid after six months of employment, and the second installment is paid after twelve months of service and the completion of financial literacy training. To promote saving, a portion must be held in a savings account for a specified period of time with the possibility of withdrawal at a later date. According to estimates, this scheme will help 1.92 crore new recruits.
Financial Benefits
- The scheme offers a one-month EPF salary incentive up to Rs 15,000, which is paid out in two installments to employees who have just joined EPFO.
Employment Linked Incentive Scheme Part B
This component focuses on the creation of additional employment across industries, with a particular emphasis on manufacturing. Employers will receive incentives for workers earning up to Rs.1 lakh. This section will discuss how new employment is being created in a variety of areas, with a focus on manufacturing. The government will provide firms rewards of up to Rs 3,000 per month for two years for each additional employee who has been working regularly for at least six months.
The third and fourth years will also be eligible for incentives related to the industrial sector. Companies that are registered with EPFO will be required to hire five more employees or at least two additional employees on a continuous basis for at least six months.
Three Employment Linked Incentive Scheme
Financial Benefits
| EPF Wage Slabs of Additional Employee (in | Benefit to the Employer (per additional employment per month) |
| Up to Rs.10,000 | Up to Rs.1,000 |
| More than Rs.10,000 and up to Rs 20,000 | Rs.2,000 |
| More than Rs.20,000 (upto salary of Rs 1 Lakh/month) | Rs.3,000 |
Eligibility Criteria
- The applicant must live in India.
- This is applicable to newly hired employees in all sectors.
- All those who are enrolled in the EPFO have recently begun working and get a monthly wage of less than Rs.1 lakh are eligible.
Required Documents
- Aadhaar card
- PAN card
- Address proof
- Email ID
- Mobile number
Salient Features
- The aim of the scheme was to provide financial assistance to new hires and enterprises in order to formalize employment.
- Three Employment Linked Incentive Schemes were created in the Budget 2024 to increase hiring and employment in the formal sector.
- New hires will receive up to Rs.15,000, which is equivalent to one month’s pay.
- The manufacturing sector will continue to benefit for another two years and firms will receive incentives for generating employment for another two years.
Apply Online of Employment Linked Incentive Scheme 2025
- First you have to visit the Official Website of the scheme.
- The homepage will appear on your screen.
- Click on the Apply Online option from the online services option.
- Enter all the necessary details in the form.
- You have to upload all the necessary documents.
- Make sure there are no mistakes and that all of the information provided is accurate.
- Click on the submit button.
Payment Method Under ELI Scheme
- All payments to new hires under Part A of the scheme will be made through the Aadhaar Bridge Payment System (ABPS) using the Direct Benefit Transfer (DBT) mechanism.
- Payments under Part B will be sent directly to the employer’s PAN linked accounts.
Contact Details
- Employees Provident Fund Organization, (Ministry of Labour & Employment) Plate A Ground Floor, Office Block-II, East Kidwai Nagar New Delhi-110023
FAQs
What is the Employment Linked Incentive Scheme (ELI)?
The government introduced the Employment Linked Incentive (ELI) 2025 Scheme in Budget 2024-2025,.
What are the benefits of this new scheme?
The scheme was started with the aim of formalizing employment by giving businesses and new recruits financial support.
What is the official website of the Employment Linked Incentive Scheme 2025?
The Employment Linked Incentive Scheme application may be completed online at https://www.epfindia.gov.in/