Early Times Report
JAMMU, July 17: The Employees' Provident Fund Organization (EPFO), Regional Office Jammu, organized two seminars on the Employment Linked Incentive (ELI) Scheme at Bajaj Allianz and Uflex Jammu. These seminars are a continuous effort to create awareness about the ELI Scheme among employes and employers and provide a platform for them to understand its benefits, features, and to empower them to generate maximum employment. Various establishments including S D Enterprises, R K Enterprises, Shine Enterprises, BD Security Ltd., Jai Jawan Security Service and many others also participated in the event.
Naresh Yadav Regional PF Commissioner II highlighted that Approximately 1.92 crore individuals entering the formal workforce for the first time are expected to benefit from the scheme. The scheme aims to generate over 3.5 crore new jobs across India within two years, with a special focus on the manufacturing sector for which the scheme period is Four years.
Employee Benefits:
First-Time Employee Incentive: First-time employees in the formal sector with a monthly salary up to Rs 1 lakh can receive a one-time wage subsidy of up to Rs 15,000, disbursed in two installments after 6 and 12 months of continuous employment.
Employer Benefits:
Monthly Incentives: Employers can receive incentives ranging from upto Rs 3,000 per month per new employee, depending on the salary slab.
Extended Incentives for Manufacturing Sector: Employers in the manufacturing sector can receive incentives for up to 4 years, while other sectors are eligible for 2 years.
Key Highlights:
These seminars featured a comprehensive presentation by Account Officers, Balkrishan and Aman Dhandhi, covering key aspects of the ELI Scheme, including:
- Overview of the ELI Scheme and its objectives
- Benefits and features of the scheme
- Implementation and operational aspects
- Role of establishments in promoting employment generation and social security
Response and Feedback:
The seminar received an overwhelming response from approximately 40-50 participants, who appreciated the efforts of EPFO in organizing the seminar. Key representatives include Santosh Kumar Singh, AGM HR, Pankaj Singh Manager HR from Uflex and Maninder Saggu from Bajaj Allianz. The feedback was highly positive, with participants expressing gratitude for the valuable information and insights provided.
EPFO is committed to continuing such initiatives to promote awareness and facilitate the implementation of its schemes. The organization believes that such efforts will contribute significantly to achieving its objectives and promoting the welfare of all its stakeholders including employees and employers. |
