The ELI scheme supports first-time employees and incentivises employers to create new formal jobs, aiming to link growth with employment
Workers will get up to ₹15,000 in wage support, while employers can earn up to ₹3,000 per new hire for up to four years in manufacturing
The scheme targets over 35 million jobs, combining direct worker benefits and employer incentives to boost formal workforce participation
Skill gaps, outdated training, and rigid labour laws still limit India’s ability to generate large-scale, quality jobs
New skilling efforts are underway, but poor curricula and weak industry links may blunt their impact
The ELI scheme is timely, but without deeper reforms, it may fall short of transforming India’s job market