What Is the New ELI Scheme?
The ELI Scheme is designed to: Encourage companies to hire freshers. Support youth who are joining the workforce for the first time Promote job opportunities, especially in the manufacturing sector Offer financial incentives to both employees and employers Part A: For First-Time Job Seekers If you're starting your first job and your employer registers you with EPFO (Employees’ Provident Fund Organisation), you can get up to ₹15,000 directly from the government — no strings attached! How it works: You must be earning up to ₹1 lakh/month. You’ll get the benefit in two parts: ₹7,500 after completing 6 months in the job Another ₹7,500 after 12 months. A portion of the money will be kept in a savings account for your future Part B: For Employers Who Hire More People Companies…