Employment Linked Incentive Latest English news | Employment Linked Incentive Online News in English at Lokmattimes.com

As the new year approaches, preparations are underway for the implementation of the Employment Linked Incentive (ELI) Scheme, announced in the recent budget by the Modi government. Set to roll out in 2025, the scheme aims to boost employment opportunities by providing incentive subsidies to both employees and employers. To benefit from this initiative, eligible participants must complete a key requirement before January 15.To avail benefits under the scheme, linking the Universal Account Number (UAN), Aadhaar, and bank account is mandatory. The deadline for completing this process, initially set for December 15, 2024, has been extended by the Employees' Provident Fund Organisation (EPFO) to January 15, 2025.EPFO Extends Deadline for UAN Activation, Aadhaar-Bank Account LinkingThe EPFO has announced an extension for UAN activation and Aadhaar-bank account linking, now set for January 15, 2025. The update was shared through EPFO's social media handle, X. Employees' Provident Fund members, particularly new members who joined during the financial year 2024-25, must ensure their UAN is valid and linked to their Aadhaar and bank accounts to qualify for the Employment Linked Incentive (ELI).

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Employment Linked Incentive, NewsFOLLOW

Employment linked incentive, Latest News

National :Modi Government's ELI Scheme: Complete UAN-Aadhaar Linking by January 15

As the new year approaches, preparations are underway for the implementation of the Employment Linked Incentive (ELI) Scheme, announced ... ...