ELI scheme next step after PLI: Minister
The ELI scheme will provide financial support to employers, enabling them to generate additional employment, particularly for the youth.The minister described the initiative as a win-win for both employers and job seekers.With a total outlay of Rs99,446 crore, the ELI scheme aims to create over 3.5 crore jobs across the country over a two-year period. During a high-level virtual meeting of state labour ministers and state industry ministers, he cited KLEMS data, published by the Reserve Bank of India (RBI), highlighting that over 17 crore employment opportunities were generated during the last decade, according to a Ministry of Labour and Employment statement.
This, he noted, is a reflection of the significant economic progress made by the country, particularly driven by robust growth in sectors such as construction, manufacturing, and services.
DrMandaviyaemphasised that this momentum must be sustained and further accelerated through schemes like ELI, which are designed to create quality jobs, deepen formalisation, and support inclusive development.
'Labour and industry are two sides of the same coin,' the Minister said, adding that both must work in close coordination for the greater good of the nation's workforce and economy. He assured participants that procedural formalities under the scheme have been kept simple to ensure ease of access and encourage wide participation.
The Union Minister also urged state ministers to actively promote the scheme through media briefings, television and radio interviews, and other outreach platforms.
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