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
Table of Contents
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.
- ₹7,500 after completing 6 months in the job
- A portion of the money will be kept in a savings account for your future
Part B: For Employers Who Hire More People
Companies that hire new employees will also get monthly financial support.
What’s in it for employers?
- They’ll get ₹1,000 to ₹3,000/month per new hire (based on salary structure)
- This support is for 2 years (for service sector) — and up to 4 years for manufacturing companies
- To qualify:
- Small companies (with <50 staff) must hire at least 2 new employees
- Larger companies (with ≥50 staff) must hire at least 5
How Will the Money Be Given?
For employees: The money will be sent directly to the bank account via Aadhar-based DBT (Direct Benefit Transfer)
For employers: Incentives will be credited to their PAN-linked accounts.
Why This Scheme Matters?
- Encourages formal jobs along with EPF benefits
- Supports young people who are starting their careers
- Gives businesses a reason to hire more staff
- Boosts the overall uptake of freshers.
When Does It Start?
The scheme covers jobs created between 1st August 2025 and 31st July 2027.
Final Thoughts
The ELI Scheme is a win-win for both job seekers and employers. If you’re entering the workforce or planning to expand your team, this is the right time to take advantage of the government’s support.
Need help understanding how to register or claim the benefits? Drop your questions below or talk to Our HR/consultant at Versutus. Let’s build a stronger, employed India!
