Implement jobs-linked incentive schemes quickly, says labour minister
This story was originally published at 16:46 IST on 6 August 2024
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MUMBAI - Labour Minister Mansukh Mandaviya has asked his ministry to expedite implementation of the employment-linked incentive schemes, which were announced in the Union Budget for 2024-25 (Apr-Mar) last month, the labour ministry said in a press release today. "With a view to bolster employment generation, the Union Minister of Labour and Employment Mansukh Mandaviya, directed expeditious implementation of the Employment-Linked Incentive Scheme announced in Union Budget 2024-25 in a mission mode," the ministry said.
At a review meeting of the employment-linked incentive schemes, which was also attended by Minister of State for Labour and Employment Shobha Karandlaje, and senior officials, Mandaviya said a robust mechanism is needed to ensure that the benefits of the schemes reach the true beneficiaries. "It is imperative that our efforts are directed towards creating a sustainable and inclusive employment ecosystem. The ELI (employment-linked incentive) Scheme is designed to facilitate job creation and provide incentives to employers and employees," the minister stated.
Finance Minister Nirmala Sitharaman had announced three schemes for employment-linked incentives in the full Budget to facilitate employment, skilling and other opportunities for 41 mln youth over a five-year period with a central outlay of 2 trln rupees. The labour ministry is in the process of finalising the details of schemes along with their implementation plan.
Over the first two years of the schemes, the government aims to create over 20 mln jobs in the country, the ministry said. End
Reported by Shubham Rana
Edited by Vandana Hingorani
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