The Government of India announced the three Employment Linked Incentive Scheme 2024. During the presentation of the union budget for 2024-25, the finance minister of India Mrs. Nirmala Sitharaman introduced the three Employment Linked Incentive Scheme 2024. With the help of this scheme, the Government of India will increase employment opportunities in the manufacturing sector of the economy in India. According to the Government of India, these schemes will be based on the EPFO (Employees Provident Fund Organisation) which focuses on the recognition of first-time employees. All the applicants who clear the eligibility criteria must visit the official website and fill out the application form online.
The objective of Three Employment Linked Incentive Scheme
The Three Employment Linked Incentive Scheme will help in the upliftment of all the citizens of India who are starting their careers in the manufacturing sector. In the first part of the Three Employment Linked Incentive Scheme, the Government of India will provide a wage of up to INR 15000 to all freshers in all sectors. In the second scheme, the Government of India will provide an incentive to employers in the manufacturing sector whole employ first-time employees. The main purpose of launching the Three Employment Linked Incentive Scheme is to provide employment opportunities and increase the standard of living of the unemployed citizens of India.
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Helpful Summary of Three Employment Linked Incentive Scheme
| Name of the scheme | Maharashtra Ladli Behna Scheme |
| Introduced by | Maharashtra state government |
| Objective | Provide financial assistance |
| Beneficiaries | Maharashtra state citizens |
| Official website | EPF India website |
Type of Three Employment Linked Incentive Scheme
- Three Employment Linked Incentive Schemes A
- Three Employment Linked Incentive Scheme B
- Three Employment Linked Incentive Scheme C
Three Employment Linked Incentive Schemes A
The Scheme A of the Three Employment Linked Incentive Schemes focuses on providing a wage of up to INR 15000 to all fresh employees in all formal sectors. Under this scheme, the Government of India will transfer the wages directly to the fresher’s bank account in three different installments. The eligible limit under the scheme is INR 1 lakh per month. According to the Government of India, a total of 210 lakh youth will avail the benefits under the scheme.
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Financial Benefits
- The freshers will receive a wage of up to INR 15000 in all formal sectors under the Three Employment Linked Incentive Schemes A.
Eligibility Criteria
- The applicant must be a fresher in any formal sector.
- The employee must not have a salary above INR 1 lakh.
- The employer and the employee must be registered under EPFO.
Three Employment Linked Incentive Scheme B
The Government of India launched the Three Employment Linked Incentive Scheme B to increase employment opportunities in the manufacturing sector of India. To implement this scheme, the Government of India will provide incentives to employers to employ freshers. All the employers and employees who are registered with EPFO will receive an incentive from the Government of India in the first four years of employment. According to the government of India, a total of 30 lakh citizens will benefit from this scheme.
Financial Benefits
- Incentives will be provided to Both Employee and Employer as per their EPFO Contribution, in the first four years of employment.
Eligibility Criteria
- The applicant must be employed in the manufacturing sector.
- The employee must not have a salary above INR 1 lakh.
- The employer and the employee must be registered under EPFO.
Three Employment Linked Incentive Scheme C
To provide incentives to employers for hiring freshers, the Government of India launched the Three Employment Linked Incentive Scheme C. The government will reimburse employers up to Rs 3,000 per month for two years towards the EPFO contribution for each additional employee. By launching this scheme, the Government of India will incentivize additional employment of 50 lakh citizens in India. This scheme will foster economic growth and employment prospects significantly.
Financial Benefits
- The financial benefit of up to INR 3000 will be given to the employers under this Three Employment Linked Incentive Scheme C.
Eligibility Criteria
- The employer and the employee must be registered under EPFO.
- The employer must employ freshers.
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
Three Employment Linked Incentive Scheme Apply Online
STEP 1: All the applications to clear the eligibility criteria can visit the official EPF India website to apply for the Three Employment Linked Incentive Scheme 2024 online.
STEP 2: Once the applicant reaches the home page of the official website the applicant must click on the option apply here.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked and attach all the necessary documents on the application form.
STEP 4: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
Contact Details
- Employees Provident Fund Organization, (Ministry of Labour & Employment)
- Plate A Ground Floor, Office Block-II, East Kidwai Nagar
- New Delhi-110023
FAQS
Who launched the Three Employment Linked Incentive Scheme 2024?
The finance minister of India launched the Three Employment Linked Incentive Scheme 2024.
What is the main objective of launching the Three Employment Linked Incentive Scheme 2024?
The main objective of launching the scheme is to provide employment opportunities to the citizens of India Three Employment Linked Incentive Scheme 2024.
What is the financial assistance to be given under the Three Employment Linked Incentive Scheme C?
The financial assistance of INR 3000 will be given to the employers under the Three Employment Linked Incentive Scheme C.