On September 13, 2024, Ms. Sumita Dawra, Secretary of the Ministry of Labour & Employment, Government of India, presided over an interactive session on ELI Scheme in Hyderabad.
The focus of this session was the recently launched Employment Linked Incentive (ELI) Scheme, which was introduced as part of the Union Budget for 2024-25.
The event was organized in collaboration with the Employees’ Provident Fund Organisation (EPFO). The interactive session brought together key stakeholders from various sectors:
Union Labour Ministry Officials: Representing the government’s perspective.
Industry Leaders: From diverse sectors such as Pharma, Construction, PSU, Manufacturing, and Finance.
MSME Representatives: Advocating for the interests of micro, small, and medium-sized enterprises.
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The ELI Scheme: A Boost for Employment
The ELI Scheme aims to address the pressing need for job creation in formal sectors. Here are the key points discussed during the session:
The ELI Scheme seeks to create more than 2 crore jobs across the country within a span of 2 years. It targets sectors that significantly contribute to employment opportunities and livelihood enhancement.
While growth in employment is essential, the quality of jobs matters equally. The government recognizes this and emphasizes the need for sustainable and meaningful employment.
The session highlighted emerging areas such as Gig and Platform work and the role of Global Competency Centres (GCCs) in job creation.
Micro, small, and medium-sized enterprises (MSMEs) play a crucial role in employment generation. Encouraging them to scale up and create jobs was a central theme.
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Suggestions and Next Steps
During the interactive session, industry participants provided constructive feedback and suggestions for shaping a practical and effective ELI Scheme.
The collective wisdom of all stakeholders, including lessons learned from previous schemes, will be crucial for its success.
In her closing statement, Secretary Sumita Dawra emphasized that the ELI Scheme represents a significant step toward a more prosperous and inclusive India.
She underscored the importance of continued dialogue and collaboration among stakeholders as the scheme is fine-tuned before implementation.
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