<h1>Employment Linked Incentive scheme promotes formal hiring by providing wage linked benefits to first time employees and hiring employers.</h1> The Employment Linked Incentive scheme incentivises both first time employees and employers to generate sustained additional employment: Part A grants first time EPFO registered employees a one month wage in two instalments after six and twelve months (subject to a financial literacy requirement and partial placement in a savings instrument), paid via Direct Benefit Transfer using the Aadhaar Bridge Payment System; Part B provides wage tiered monthly incentives to employers of EPFO registered establishments for maintaining specified additional hires for at least six months, with extended benefits for the manufacturing sector, paid to PAN linked accounts.