News Highlights
- On Tuesday, July 1, 2025, the Indian government approved a ₹1 trillion (~$11.7 billion) Employment-Linked Incentive (ELI) programme, which aims to create approximately 3.5 crore new jobs in the next 2 years.
- First-time employees will receive one-time wage subsidies up to ₹15,000 (~$175), while employers get up to ₹3,000/month for each employee retained for six months.
- The manufacturing sector qualifies for additional incentives for two more years beyond the plan.
- The scheme’s focus is to support entry-level job seekers, especially fresh graduates, amid rising youth unemployment (urban: 17.9%, rural: 13.7%).
Why It Matters
- Freshers and job seekers will get direct benefits from this scheme
- Students planning to enter the job market will find more opportunities and financial assistance.
- Encourages growth in sectors that typically hire entry-level candidates.
Source: reuters.com
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Last modified: July 4, 2025
