What is ELI scheme, government will give 15000 rupees for free, who will get the benefit and how!

ELI-Scheme First-Time-Employees-Financial-Support-India-Budget-2024-25

The Modi cabinet has approved the ELI scheme on July 1, 2025. Under this scheme, those starting a new job will be given Rs 15,000 as subsidy by the government, equivalent to 1 month’s salary. Let’s know who will get this amount and when.

The central government has approved a big scheme on July 1. This scheme was being awaited for a long time. Especially since Finance Minister Nirmala Sitharaman announced this scheme in Budget 2024-25. This is the ELI scheme (Employment Linked Incentive Scheme), for which a budget of Rs 99,446 crore was approved by the Narendra Modi-led cabinet on July 1, 2025.

The most special thing about the ELI scheme is that those starting a new job will be given an amount equivalent to 1 month’s salary or Rs 15,000 as subsidy by the government. Under the ELI scheme, the government will also provide incentives to companies for 2 years. The government estimates that through this scheme, more than 3.5 crore jobs will be created in 2 years across all sectors. Let us know in detail who will get what benefits and how much under this scheme.

What is ELI scheme?

ELI scheme (Employment Linked Incentive Scheme) was announced in the Union Budget 2024-25 as part of the Prime Minister’s package of five schemes, with a total budget expenditure of Rs 2 lakh crore and to create employment opportunities for 4.1 crore youth. This scheme is divided into two parts. First – Focus on first-time employees and second – employers. First- first-time employees Keeping in mind the first-time employees registered with EPFO, in this part, 1 month’s EPF salary up to Rs 15,000 will be given in two installments. This is a separate assistance amount from the salary of the employees.

However, it is necessary to be registered with EPFO ​​for this. The first installment will be given on completion of 6 months of service and the second installment on completion of 12 months of service.

Who will get 15 thousand rupees?

The assistance of 15000 rupees will not be given to all the employees. Employees with salary more than 1 lakh rupees will not be eligible for this. About 1.92 crore employees joining the job for the first time will be given this benefit. This installment will be sent to the savings account of the employees.

Second- Focus on employer
In the second part, the government will give incentives to the employers i.e. companies under this scheme. So that it helps in creating more and more jobs. The government will focus more on the manufacturing sector. The employer will be given incentives on the basis of employees with salary up to Rs 1 lakh. The government will give companies an incentive of up to Rs 3000 per month for 2 years for every additional employee with continuous employment for at least 6 months. This incentive for the manufacturing sector can also be extended to the third and fourth year.

Which company will get the benefit? Companies with less than 50 employees will have to hire at least 2 additional employees on a continuous basis for 6 months. Companies with 50 or more employees will have to hire 5 additional employees. Apart from this, companies must also be EPFO ​​registered. This amount will be given to the companies on the basis of the following calculation.

EPF Slab of Employee Benefit to Company (per employee per month) Upto Rs. 10,000 Rs. 1,000 From Rs. 10,000 to Rs. 20,000 Rs. 2,000 From Rs. 20,000 to Rs. 1 lakh Rs. 3,000

Some important questions related to this scheme (FAQs)

Question- How much expenditure did the cabinet approve under the ELI scheme?

Answer- On July 1, the government has approved an expenditure of Rs 99,446 crore under the ELI scheme.

Question- How many people will get employment?

Answer– Under this scheme, there is a plan to create more than 3.5 crore jobs in the country in 2 years. Under Part A, for the first time, 1.92 crore employees will get jobs. At the same time, about 2.60 crore people will get jobs under Part B.

Question– Where to apply?

Answer- There is no need to apply under this scheme. As soon as the employee is registered in EPFO, his data will go to the government, then on that basis the employee or the company will get benefits.