EPFO Jammu holds seminar on ELI scheme

Jammu, Jul 14: The Employees’ Provident Fund Organisation (EPFO), Regional Office Jammu, conducted an awareness seminar on the Employment Linked Incentive (ELI) Scheme at Hotel Radisson Blu to inform establishments about the scheme’s benefits, features, and implementation process.

As per the official statement issued, the ELI Scheme aims to boost employment generation, enhance employability, and extend social security, especially in the manufacturing sector.

First-time formal sector employees earning up to Rs 1 lakh per month are eligible for a one-time wage subsidy of up to Rs 15,000, disbursed in two installments. A part of the incentive is to be deposited in a savings instrument to encourage financial literacy. EPFO registration ensures access to pension, insurance, and retirement benefits.

Employers will receive monthly incentives between Rs 1,000 and Rs 3,000 per new employee. The incentive period extends up to four years for the manufacturing sector and two years for others, with direct payments to PAN-linked business accounts.

The seminar featured presentations by Account Officers Balkrishan and Aman Dandhi, outlining the scheme’s objectives and operational details. The event witnessed participation from 40–50 representatives from various establishments.

According to EPFO, the scheme is expected to benefit 1.92 crore first-time workers and generate over 3.5 crore jobs in two years. Participants appreciated the initiative and expressed interest in its implementation.