Three employment-linked incentive schemes to be implemented as ...

3 schemes: 1-month wage for new workforce, incentives for manufacturing jobs & EPFO contribution reimbursement for 2 years.

News Budget

July 23, 2024

Three employment-linked incentive schemes to be implemented as part of Prime Minister's package. First scheme provides one-month wage to new workforce entrants across formal sectors, benefiting 210 lakh youth. Second scheme incentivizes additional manufacturing employment linked to first-time employees, expected to benefit 30 lakh youth and employers. Third employer-focused scheme covers additional employment across sectors with government reimbursing EPFO contribution for 2 years, expected to incentivize 50 lakh additional jobs.

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Three employment-linked incentive schemes to be implemented as ...

3 schemes: 1-month wage for new workforce, incentives for manufacturing jobs & EPFO contribution reimbursement for 2 years.

News Budget

July 23, 2024

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