In a proactive move to boost ELI Scheme and foster economic growth, Dr. Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports, convened a crucial introductory meeting in New Delhi.
Focus was The Employment Linked Incentive (ELI) Scheme—a strategic initiative aimed at creating a more prosperous and inclusive India.
The ELI Scheme: A Collective Effort
Union Minister emphasized that the ELI Scheme represents a critical step toward achieving our shared goal of robust employment generation.
The success of this scheme hinges on the collective effort and wisdom of all stakeholders: the government, businesses, and workers.
By encouraging businesses to generate more employment opportunities, the ELI Scheme aims to provide meaningful and sustainable jobs for the youth of our country.
“Employment generation is a top priority for the government, and the ELI Scheme is a step in the right direction to achieve this goal.” said Dr. Mansukh.
He added, “We are committed to working closely with stakeholders to design a scheme that is robust, inclusive, and aligned with the needs of the economy.”
The meeting witnessed the presence of key dignitaries including Shobha Karandlaje, Sumita Dawra and other high-ranking officials.
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ELI Scheme Components
During the meeting, Secretary (L&E) provided an overview of the ELI Scheme’s components. Here are the key elements:
Employment Incentives: The scheme incentivizes businesses to create more jobs by offering targeted benefits. These incentives aim to bridge the gap between workforce demand and supply.
Youth Empowerment: By focusing on sustainable employment for young individuals, the ELI Scheme aligns with the government’s vision for a dynamic and skilled workforce.
Fairness and Inclusivity: The scheme ensures that employment opportunities are accessible to all, regardless of background or location.
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Stakeholder Perspectives
Representatives from various Employer Organisations shared their perspectives during the meeting:
- Confederation of Indian Industry (CII)
- Federation of Indian Chambers of Commerce & Industry (FICCI)
- Associated Chambers of Commerce and Industry of India (ASSOCHAM)
- PHD Chamber of Commerce and Industry (PHDCCI)
- All India Organisation of Employers (AIOE)
- Laghu Udyog Bharati
- Indian Council of Small Industries (ICSI)
- Federation of Association of Small Industries of India (FASII)
- All India Association of Industries (AIAI)
- All India Manufacturers’ Organization (AIMO)
- Standing Conference of Public Enterprises (SCOPE)
- Employers Federation of India (EFI)
Their valuable inputs will shape policies and schemes, ensuring fairness, inclusivity, and equitable growth. Union Minister assured the Employer Organisations that such meetings would be an ongoing process.
The government values their insights and seeks to create an environment conducive to employment and economic prosperity.
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