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Cabinet approves employment-linked incentive (ELI) and research development and innovation (RDI) schemes
Economic Times
·
1m ago
Medial
The Indian union cabinet has approved an Rs 99,446 crore Employment Linked Incentive (ELI) scheme focusing on formal job creation, aiming to generate over 35 million jobs in two years. Targeting the manufacturing sector, the scheme encourages first-time job seekers by offering incentives to both employees and employers. A Rs 1 lakh crore Research Development and Innovation (RDI) scheme was also sanctioned to promote private sector investment, alongside infrastructure upgrades and the new National Sports Policy, 2025.
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Over 3 crore jobs coming soon: Cabinet approves ELI scheme with an outlay of Rs 99,446 cr
Economic Times
·
1m ago
Medial
The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with an outlay of Rs 99,446 crore to create over 3.5 crore jobs in India, primarily focusing on the manufacturing sector. The scheme has two parts: incentivizing first-time employees and rewarding employers for sustained new hiring. It aims to enhance formal workforce inclusion and is expected to offer financial literacy and savings benefits to employees, alongside direct monetary incentives for employers.
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Govt approves Rs 1 lakh crore scheme to support creation of 3.5 crore jobs in just 2 years
IndianStartupNews
·
1m ago
Medial
The Indian government has approved the Employment Linked Incentive (ELI) Scheme with a budget of Rs 99,446 crore to create 3.5 crore jobs by 2027. The scheme has two parts: Part A offers a one-time incentive to first-time employees registered with the EPFO and Part B provides financial incentives to employers, especially in manufacturing, for hiring new employees. The initiative aims to enhance formal employment, promote financial discipline, and expand social security coverage.
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Fool-proof mechanism in place to implement employment linked incentive scheme: Labour Ministry
Economic Times
·
1m ago
Medial
The Labour Ministry has established a robust digital mechanism to implement the Rs 1.07-lakh crore Employment Linked Incentive (ELI) scheme, designed to generate 3.5 crore jobs over two years. The scheme, approved by the Union Cabinet, utilizes social security systems managed by EPFO. It aims to support employers by covering contributions related to new hires. The ELI scheme, which offers benefits for first-time employees and incentivizes job creation, has a total budget of Rs 2 lakh crore.
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Modi Govt Approves Rs. 1 Lakh Cr RDI Scheme to Supercharge Innovation
YourStory
·
1m ago
Medial
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the Research Development and Innovation (RDI) Scheme with a ₹1 lakh crore budget to boost innovation in critical sectors. The scheme focuses on providing low-interest long-term funding to the private sector, targeting high-risk, high-impact domains. It aims to enhance India's technological self-reliance and global competitiveness by fostering R&D in areas like AI, quantum computing, and biotechnology, paving the way for 'Viksit Bharat' by 2047.
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Union minister Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment, and startups - The Economic Times
Economic Times
·
1m ago
Medial
Union Minister of Commerce and Industry, Piyush Goyal, announced initiatives aimed at boosting research, innovation, employment, and startups in India, following a Rs 3 lakh crore scheme approved by the Union Cabinet. This includes a Rs 1 lakh crore scheme for research and development, and a Rs 2 lakh crore incentive for employment generation. Goyal highlighted Bengaluru's thriving tech ecosystem and praised efforts in the tech and global capability sectors, while addressing national security concerns.
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Employment Linked Incentive: Earn Rs 15,000 through ELI Scheme-But there is a catch - The Economic Times
Economic Times
·
22d ago
Medial
The Employment Linked Incentive (ELI) Scheme, approved by the Union government on July 1, 2025, aims to boost employment, enhance employability, and ensure social security, specifically focusing on the manufacturing sector. Employers must provide accurate gross wage details to qualify for the scheme, which offers incentives for both employers and employees. Part A targets new employees with EPF wage incentives, while Part B supports employers with incentives for jobs paying up to Rs 1 lakh. Eligibility hinges on accurate wage reporting.
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Investments in sectors under PLI schemes expected to hit Rs 2 lakh cr in coming years
YourStory
·
10m ago
Medial
The production linked incentive (PLI) schemes in India's 14 sectors have attracted investments of Rs 1.46 lakh crore, with an expected total capital infusion of Rs 2 lakh crore in the future. The schemes have resulted in production/sales worth Rs 12.50 lakh crore, employment generation of around 9.5 lakh, and exports exceeding Rs 4 lakh crore. Commerce and Industry Minister Piyush Goyal discussed the progress of the schemes with beneficiary companies and emphasized the importance of prioritizing high-quality goods and increasing domestic value addition. CEOs provided suggestions for improving the effectiveness and implementation of the PLI schemes.
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India needs more telecom unicorns, says DoT secretary Neeraj Mittal - The Economic Times
Economic Times
·
1m ago
Medial
The Union Cabinet's approval of a ₹1 lakh crore research, development, and innovation (RDI) scheme aims to boost telecom startups in India, according to Neeraj Mittal, Secretary of the Department of Telecommunications. This initiative seeks to enhance research and innovation in sectors critical to India's strategic interests. Mittal emphasized the need for telecom unicorns and highlighted the significance of deep tech for economic growth, while Reliance Jio's Satish Jamadagni called for domestic chip production for export viability.
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Centre approves potato research centre in Agra with Rs 111.5 cr assistance
Economic Times
·
1m ago
Medial
The Union government has approved setting up a South Asia regional research centre of the International Potato Centre (CIP) in Agra, with a financial backing of Rs 111.5 crore. Led by Prime Minister Modi, the Union Cabinet aims to boost food security, farmer income, and employment via enhanced potato productivity and value addition. Located in Singna, the centre will focus on seed production, pest management, and farmer training, supported by the Uttar Pradesh government’s land allocation.
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Maharashtra cabinet approves new startup policy, freight corridor project
YourStory
·
10d ago
Medial
The Maharashtra Cabinet approved several initiatives, including the Maharashtra Startup, Entrepreneurship, and Innovation Policy 2025 to foster skill development and innovation. It also sanctioned a new freight corridor linking Vadhavan Port to the Maharashtra Samruddhi Mahamarg, cleared a policy for disposing of unviable government land, and approved a revised policy for monetizing surplus MSRTC land. Additionally, a Rs 50 crore grant was approved for Nagpur Weavers' Cooperative and enhanced support for NGOs aiding leprosy patients.
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