<h1>Government launches scheme to create 3.5 crore jobs with incentives for first-time private employees and employers</h1> The government launched a nationwide employment scheme aimed at creating 3.5 crore jobs over two years, focusing on first-time private sector employees and incentivizing employers. Under the scheme, eligible first-time employees earning up to Rs 1 lakh will receive a total incentive of Rs 15,000 in two installments, contingent on completing six and twelve months of employment and a financial literacy program. Employers registered with the retirement fund body must hire additional employees and will receive monthly incentives of up to Rs 3,000 per new hire for two years, with extended benefits for manufacturing sector employers. Payments to employees will be made via direct benefit transfer linked to biometric identification, while employer incentives will be credited to PAN-linked bank accounts. The scheme targets sustained employment and aims to promote inclusive job growth across sectors.