Approval of Employment Linked Incentive Scheme
Why focus: Flagship scheme with specific ₹99,446 Cr/3.5 cr jobs target — GS3 Economy, sets up numeric How-Many-Correct statement verification.
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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BEFORE: There was no direct cash incentive for youth entering the formal workforce for the first time. NOW: First-time employees registered with EPFO receive a one-time direct benefit of up to INR 15,000, paid in two installments.
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BEFORE: Previous employer subsidy schemes like the Atmanirbhar Bharat Rojgar Yojana had expired, leaving no active formal hiring incentives. NOW: Employers receive a monthly incentive of up to INR 3,000 per additional employee for two years, which is extended to four years for manufacturing units.
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BEFORE: Financial literacy training was not a prerequisite for receiving government employment benefits. NOW: First-time employees must complete a free online financial literacy course to unlock their second incentive installment.
Prelims Angle
NCERT Connection
Practice Questions
Q1
With Reference ToWith reference to the Pradhan Mantri Viksit Bharat Rozgar Yojana, consider the following statements: 1. It provides a direct cash incentive of up to INR 15,000 to first-time employees registered with the Employees Provident Fund Organisation (EPFO). 2. Employers in the manufacturing sector receive wage-based incentives for creating new jobs for a maximum of two years. Which of the statements given above is/are correct?