The secretary of Ministry of Labour and Employment held a meeting with industry leaders on Employment Linked Incentive (ELI) Scheme. The Scheme was recently launched in Union Budget 2024-25.
The meeting was organized on Friday in Hyderabad by Ministry of Labour & Employment in collaboration with Employees’ Provident Fund Organisation.
The session aimed at creating awareness about three schemes framed as part of ELI Scheme and its benefit to employers and employees in order to boost employment in manufacturing and job creation in formal sectors.
The ELI Scheme launched in Union Budget this year aims to create more than 2 crore jobs in the country over a period of 2 years in sectors that significantly contribute in increasing employment opportunities and enhancing livelihood.
Setting the context of the session, Secretary Sumita Dawra, emphasized about drivers of employment as evidenced by growth in employment in sectors such as trade, manufacturing, services and construction sectors.
She said, “Government data such as PLFS, KLEMS shows employment growth and at the same time, quality of employment is of equal focus.”
She further highlighted the need to generate new employment, including by MSMEs, that should scale up to generate employment as well.
A brief presentation on ELI scheme, including the PM’s package of 5 schemes on employment, skilling and internships, was followed by interactive session.
The ministry stated that several constructive suggestions were received from industry participants for formulation of feasible practical scheme.
In her closing remarks, the secretary highlighted that this scheme represents a significant step towards the shared goal of creating a more prosperous and inclusive India.
She further stated that such interactive sessions shall continue to be held in future in the course of finalization of the ELI Scheme before it is implemented.
The session was attended by official representatives from Union Labour Ministry, EPFO, Industry Leaders from sectors like Pharma, Construction, PSU, Manufacturing, Finance, etc. and MSME representatives.
