The Cabinet approved the Rs 1-lakh crore Employment Linked Incentive (ELI) scheme, aimed at generating over 3.5 crore jobs in the organised sector by August 2027, ahead of upcoming assembly elections. The scheme offers incentives for first-time employees and manufacturing companies, encouraging job creation particularly in electronics, semiconductors, and the auto industry.
Explain It To Me Like I’m 5: The Indian government has approved a big plan to help create over 3.5 crore jobs by encouraging companies to hire more workers, especially first-time employees, with financial support, just before important state elections.
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