- The government approved an Employment Linked Incentive scheme with Rs 1.07 lakh crore outlay
- The scheme aims to generate over 3.5 crore jobs in India over two years
- Incentives will be provided for first-time employees with up to Rs 3,000 per month for two years
The government on Tuesday approved an Employment Linked Incentive scheme with an outlay of Rs 1.07 lakh crore to support job generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector.
The decision was taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi, Information & Broadcasting Minister Ashwini Vaishnaw said.
The scheme aims to incentivise the creation of more than 3.5 crore jobs in the country over two years.
Besides, the scheme will incentivise first-time employees.
An incentive of up to Rs 3,000 per month for two years towards each additional first-time employee. Employers will get incentives with respect to employees with salaries up to Rs 1 lakh.
For the manufacturing sector, incentives to employers will be extended to the third and fourth years also.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
