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of <h1>Government launches Rs 1 lakh crore Employment Linked Incentive scheme targeting 3.5 crore jobs by 2027</h1> The Employment Linked Incentive scheme, announced with a Rs one lakh crore budget allocation, aims to create 3.5 crore jobs over two years from August 2025 to July 2027. An EPFO official stated that 1.92 crore beneficiaries will be first-time workforce entrants. The scheme focuses on manufacturing sector establishments registered with EPFO. First-time employees receive maximum Rs 15,000 annually in two instalments, while employers get Rs 3,000 monthly per additional sustained employment. Manufacturing sector benefits extend for an additional two years beyond the standard period.
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