Employee Linked Incentive (ELI) Schemes

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The Employee Linked Incentive (ELI) Schemes introduced in the Union Budget 2024 reflect the government's initiative to bolster employment and industrial growth. The three schemes—A, B, and C—are designed to target specific areas:

  1. Scheme A: Encourages first-time employees to join the workforce and the EPF scheme, enhancing financial inclusion and social security.

  2. Scheme B: Aims at job creation in the manufacturing sector, promoting industrial growth and employment generation.

  3. Scheme C: Focuses on providing support to employers, potentially easing their financial burden and incentivizing hiring.

The use of Direct Benefit Transfer (DBT) linked to Aadhaar ensures transparency and efficient disbursal of benefits.

Do watch video on Employee Linked Insurance only on YouTube Channel "Compliance Monk"



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