Three new Employment Linked Incentive schemes target job creation, especially for first-time employees, with financial boosts and EPFO incentives.
Scheme A offers a one-month wage up to ₹15,000 as Direct Benefit Transfer to EPFO accounts of first-time employees in all sectors.
Scheme B supports job creation in manufacturing, benefiting 30 lakh youths with EPFO-linked incentives for both employees and employers.
Scheme C reimburses up to ₹3,000 per year for EPFO contributions per additional hire, easing financial burdens on employers and promoting expansion.
Initiatives to enhance women's participation include working women hostels, crèches, women-specific skilling programs, and support for women-led enterprises.
Centrally sponsored programs aim to skill 20 lakh youth over five years, upgrading 1,000 ITIs and offering loans up to ₹7.5 lakh. Up to ₹10 lakh loan for higher education.