<h1>Government Unveils Employment Incentives: New Schemes to Boost Jobs for 290 Lakh Youth in Manufacturing and Formal Sectors.</h1> The government will introduce three Employment Linked Incentive schemes as part of the Prime Minister's package, announced by the Union Finance Minister during the Union Budget 2024-25 presentation. Scheme A will provide a one-month wage to new workforce entrants in formal sectors, benefiting 210 lakh youth. Scheme B will incentivize additional employment in manufacturing, targeting first-time employees, and is expected to benefit 30 lakh youth. Scheme C focuses on employers, offering reimbursement for EPFO contributions for additional employees earning up to Rs. 1 lakh monthly, aiming to incentivize the employment of 50 lakh individuals.