Many financial rules change from the new month. Today, from 1 August 2025, the Government of India is starting a new scheme called Pradhan Mantri Vikasit Bharat Rojgar Yojana. This scheme is especially for those people who are starting their first job in life.
Under this scheme, the government will provide financial assistance of Rs 15,000 to those who get their first job. Now you must be wondering how the Rs 15,000 will be given and this money will be given in two parts.

Youth will get financial help from ELI scheme

This scheme was earlier known as Employment Linked Incentive i.e. ELI, but now its name has been changed to PM-VBRY. The aim of this scheme is to create 3.5 crore new jobs in the country and especially to increase employment in the manufacturing sector. Also, this scheme will provide financial help to the youth and encourage companies to employ new people. The government has kept a budget of Rs 99,446 crore for this, which will run for the next four years.

How to get benefit of ELI scheme?

This scheme will work in two parts. The first part is for those who are starting a job for the first time. If your salary is less than Rs 1 lakh per month and you are registered with EPFO, then you will get a help of Rs 15,000. This money will come in two parts. The first installment will be given after 6 months of work and the second installment will be given after 12 months, provided you have completed a financial literacy course.

This money will come directly to your bank account linked to Aadhaar. Some part of it will be deposited in your savings account, which you can withdraw later. About 1.92 crore new employees will benefit from this part.

The second part is for companies. If a company employs new people, it will get an incentive of Rs 3,000 per month for each employee. This incentive will be available for two years, and for companies in the manufacturing sector, it will be available for four years. But there are some conditions for this.

Small companies with less than 50 employees will have to hire at least 2 new people and big companies will have to hire 5 new people for 6 months. This money will come in the bank account linked to the company’s PAN.

‘Make in India’ is also getting a boost

The aim of this scheme is that more and more people should work in the organized sector and get social security, such as pension and insurance. Special focus is being given on making the youth of 18-35 years skilled and supporting small and medium businesses. This scheme will also promote Make in India and make India a big center of manufacturing.

On July 12, PM Modi distributed 51 thousand job letters in the employment fair, and now this scheme is another big step in that direction. If you are starting your first job or a company wants to hire new people, then this is a golden opportunity for you. Just complete 6 months of job and take full advantage of this scheme.

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At the same time, companies providing jobs will also get incentives for every new job. On all the details related to the scheme, Central PF Commissioner Ramesh Krishnamurthy said that under this scheme, incentives will be given on the first job. The first installment will be given on completion of 6 months of employment. The second installment will be given on completion of 12 months of employment. Those earning up to Rs 1 lakh per month will be eligible for this scheme. For this, one will have to take a financial literacy test.

Under this scheme, only those with a maximum salary of Rs 1 lakh will get the benefit of this scheme. However, it is not yet clear whether Rs 1 lakh will be considered as CTC or net salary.

Talking about the benefits that companies get under this, the company will get an incentive of up to Rs 3,000 per month for every new employee. Companies will get incentives for 2 years. It is clear in the rules of the ELI scheme that the employee will have to work for at least 6 months. Only after that will the first installment of Rs 15,000 be given. Now if you get a job offer before getting the second installment, then there is a high possibility that you may lose the benefit of the second installment.

According to the rule, the money received in the 12th month will be for your first job. If you join another job, technically you will not be able to fulfill the eligibility criteria. In such a situation, it is possible that you will get only 50 percent of 15000. Yes, if you complete one year in your first company, you will get the full amount.

Experts believe that this scheme is an important step towards stability in employment and expansion of employment in the organized sector. If implemented properly, it can become a powerful medium for long-term employment generation in India.

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Information and Broadcasting Minister Ashwini Vaishnav said that this big decision has been taken in the Union Cabinet meeting chaired by Prime Minister Narendra Modi. Its aim is to increase employment in different sectors, increase employment potential and promote social security. In this, special attention will be given to the manufacturing sector.

First time job holders will get incentive of Rs 15,000

This scheme will also provide incentives to first-time employees. Under this scheme, employees hired for the first time will get one month’s salary (up to Rs 15,000). At the same time, employers will be given incentives for a period of 2 years for additional employment generation. Also, the benefit for the manufacturing sector will be extended for another 2 years. The ELI scheme was announced in the Union Budget 2024-25 as part of a package of 5 schemes to facilitate employment, skill and other opportunities for 4.1 crore youth. Its total budget outlay was Rs 2 lakh crore.

Employees with salary up to Rs 1 lakh will get benefit

Out of the 3.5 crore beneficiaries under the ELI scheme, 1.92 crore will be first-timers joining the workforce. The benefits of the scheme will be applicable to jobs created between August 1, 2025 and July 31, 2027. The scheme has two parts. The first part focuses on first-time employees and the second part focuses on employers. Targeting employees registering with the EPFO ​​for the first time, one month’s salary up to Rs 15,000 will be given in two installments under the first part. Employees with a salary of up to Rs 1 lakh will be eligible. The first installment will be given after six months of service and the second installment will be given after 12 months of service and the employee completing a financial literacy program.

A part of the incentive amount will be kept in savings or deposit account

“To promote the habit of saving, a part of the incentive amount will be kept in a savings instrument or deposit account for a fixed period and employees will be able to withdraw it later. Under the first part, about 1.92 crore first-time job seekers will get the benefit,” the statement said. The second part of the scheme is linked to additional employment generation in all sectors, with a special focus on the manufacturing sector. Employers will get incentives in respect of employees with a salary of up to Rs 1 lakh.

Employers will get Rs 3000 per employee every month

The government will provide incentives of up to Rs 3,000 per month for two years to employers for each additional employee employed continuously for at least six months. For the manufacturing sector, the incentives to employers can also be extended for the third and fourth years. Under the first part of the scheme, all payments to first-time employees will be made through DBT (Direct Benefit Transfer) mode through the ‘Aadhaar Bridge Payment System’ (ABPS). Under the second part, payments to employers will be made directly into their PAN-linked accounts.

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Now the last date for linking UAN with Aadhaar is March 15. Earlier also the government has extended the deadline of the scheme. EPFO ​​has appealed to all eligible members to complete this process on time. This government scheme benefits the company, employer and employee. This scheme is a plan to save the employees from the future and the shortage of pension and money after retirement.

EPFO issued rules for ELI scheme

The Employees’ Provident Fund Organization (EPFO) has directed all employers to activate the Universal Account Number (UAN) of their employees and link their bank accounts with Aadhaar. This process is mandatory to avail the Employment-Linked Incentive (ELI) scheme. Employers have been advised to update the information of all their employees, starting with their new employees, so that the benefits of the scheme can be availed on time. Employees can also do the work of activating UAN and linking it with Aadhaar themselves.

Why is ELI scheme necessary?

The ELI scheme was launched by Finance Minister Nirmala Sitharaman in the Union Budget 2024. Its aim is to increase employment and encourage companies to hire new employees. This scheme is divided into three parts.

Scheme A: Companies hiring fresh graduates will get a subsidy of Rs 15,000, which will be given in three instalments.

Scheme B: This is a special scheme for the manufacturing sector, under which companies will get Rs 3,000 per employee per month for two years on new recruitments.

Scheme C: Incentives will be given to increase the workforce in different industries. However, the rules for this scheme are yet to be issued by the government.

Why is it important to activate and link UAN?

EPFO has stated that UAN of all members should be linked and active with Aadhaar. This allows the employee to view the PF passbook, make online claims and update their details. Apart from this, Aadhaar linking is necessary to receive the benefits of any government scheme directly into the bank account.

How to activate UAN

• Visit the EPFO ​​portal: https://unifiedportal-mem.epfindia.gov.in/memberinterface/
• Click on ‘Activate UAN’ and enter UAN number, Aadhaar number, date of birth and mobile number linked with Aadhaar.
• Verify via OTP and generate password.

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Why is UAN and Aadhaar linking mandatory?

Employees of the Employees’ Provident Fund Organization (EPFO) who want to avail financial benefits under the Employment Linked Incentive (ELI) scheme, it is necessary for them to activate the Universal Account Number (UAN) and link their bank account with Aadhaar. This process is completed through Direct Benefit Transfer (DBT), through which eligible employees are given their benefits directly in their bank account.

What is ELI scheme?

The ELI (Employment Linked Incentive) scheme aims to encourage employment generation and provide financial assistance to employees. The scheme was introduced by Union Finance Minister Nirmala Sitharaman in the July 2024 budget.

There are three categories of ELI scheme

• Scheme A: Targets new employees joining EPF for the first time.
• Plan B: Promotes employment opportunities in the manufacturing sector.
• Scheme C: Provides incentives to employers.

Advantage of the new deadline

EPFO had extended the deadline for UAN activation and Aadhaar linking from 30 November 2024 to 15 December 2024. Now it has been extended once again and given time till 15 January 2025. This has brought great relief to those employees who had not completed this process till now.

Complete the process before the last date

If you want to avail the benefits under the ELI scheme, it is mandatory to complete UAN activation and Aadhaar linking on time. This scheme has been created to promote employment generation as well as provide financial security to the employees.

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Earlier this deadline was 30 November 2024, which has been extended to 15 December 2024. Employees and companies have got 10 more days to link the UAN of their employees and do Aadhaar-seeding. EPFO ​​​​announced this change on 4 December 2024. This information has been given through social media platform.

EPFO gave instructions

EPFO has asked all employers to activate UAN for employees joining in the current financial year and link bank accounts with Aadhaar. This step is necessary to avail the benefits of Employment Linked Incentive Scheme (ELI). Employers have been appealed to update the information of all employees starting with new employees so that the benefits of this scheme can be availed on time. For this, it is mandatory to link your bank account with Aadhaar.

What is ELI scheme?

In the Union Budget 2024, Finance Minister Nirmala Sitharaman launched the Employment-Linked Incentive (ELI) scheme. The scheme was aimed at increasing employment and encouraging companies to hire new employees. The government has divided this scheme into three parts.

Scheme A: Under this scheme, companies will get a subsidy of ₹15,000 on hiring new graduates, which will be given in three installments. This is expected to provide employment to 30 lakh youth.

Scheme B: This is specifically for the manufacturing sector. Under this, companies will get Rs 3,000 per employee per month for two years on new recruitments. For eligibility, companies have to add 50 new employees or increase their workforce by 25%.

Scheme C: This scheme will provide general incentives to increase the workforce in different industries. Not much is known about it and it will be developed further.

Why is it important to activate and link UAN?

EPFO said in a notification on 22 November 2024 that every EPFO ​​member should have an Aadhaar-linked UAN. It is necessary to activate it by logging in to the portal. Through an active UAN, employees can view PF passbook, apply for online claim, update personal information and track claim status. To avail any Direct Benefit Transfer (DBT) scheme, it is necessary to link the beneficiary’s bank account with Aadhaar, so that the benefits can be deposited directly into the bank account.

Process to activate UAN

• Visit the EPFO ​​member portal: https://unifiedportal-mem.epfindia.gov.in/memberinterface/
• Click on the ‘Activate UAN’ link. Enter your UAN number, Aadhaar number, date of birth, and mobile number linked with Aadhaar. Check that your mobile number is linked with Aadhaar.
• Give consent for Aadhaar OTP verification
• Click on ‘Get Authorization PIN’ and receive the PIN on your Aadhaar-linked mobile number
• Enter the OTP. Password will be sent to your registered number after activation is complete.

Employers or companies have to ensure that all their employees have completed the process of activating UAN and linking it with Aadhaar by 15 December 2024. So that they can avail the benefits of the ELI scheme.

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The post Big relief for Employees! Extends the deadline to activate UAN to avail the benefit of ELI scheme first appeared on Rightsofemployees.com.

. Today i.e. 30th November is the last day for the employees employed in the current financial year to activate their EPFO ​​Universal Account Number (UAN). If UAN is not activated, they will not be able to avail the benefits of Employment Linked Incentive (ELI Scheme). It was announced in the Union Budget 2024-2025 that all eligible employees will have to acquire their Universal Account Number and link their Aadhaar number to their bank account to participate in the ELI scheme. UAN can be activated online from home.

Union Finance Minister Nirmala Sitharaman launched three ELI schemes (A, B and C) during the General Budget 2024. The benefit of ELI is given through DBT, so all companies have been urged to ensure UAN activation and Aadhaar seeding for all new entrants. To ensure that maximum companies and employees benefit from the ELI scheme, the Ministry of Labor and Employment had directed EPFO ​​​​to work actively with the companies.

How to activate UAN online

UAN can be completed using Aadhaar based OTP process. You can do this important task by following the steps given below…

• First of all go to EPFO ​​membership portal.
• Now click on the “Activate UAN” link under “Important Links”.
• After this, fill the required details like UAN number, Aadhaar number, name, date of birth and Aadhaar linked mobile number.
• Give your consent for Aadhaar based OTP verification.
• Now click on “Get Authorization PIN” to get OTP on the Aadhaar linked mobile number.
• To complete the UAN activation process, enter the OTP received on your mobile number.
• After successful activation a password will be sent to your registered mobile number.

The post UAN Activation Deadline: No ELI benefits if you don’t activate UAN today, Check process first appeared on Rightsofemployees.com.

What is ELI scheme?

In the Union Budget 2024, Finance Minister Nirmala Sitharaman launched the Employment-Linked Incentive (ELI) scheme. The scheme was aimed at increasing employment and encouraging companies to hire new employees. The government has divided this scheme into three parts.

Scheme A: Under this scheme, companies will get a subsidy of ₹15,000 on hiring new graduates, which will be given in three installments. This is expected to provide employment to 30 lakh youth.

Scheme B: This is specifically for the manufacturing sector. Under this, companies will get Rs 3,000 per employee per month for two years on new recruitments. For eligibility, companies have to add 50 new employees or increase their workforce by 25%.

Scheme C : This scheme will provide general incentives to increase the workforce in different industries. Not much is known about it and it will be developed further.

Why is it important to activate and link UAN?

EPFO said in a notification on 22 November 2024 that every EPFO ​​member should have an Aadhaar-linked UAN. It is necessary to activate it by logging in to the portal. Through an active UAN, employees can view PF passbook, apply for online claim, update personal information and track claim status. To avail any Direct Benefit Transfer (DBT) scheme, it is necessary to link the beneficiary’s bank account with Aadhaar, so that the benefits can be deposited directly into the bank account.

The Ministry of Labour & Employment, Government of India has directed 30th November as the last date to employers for Aadhaar-based UAN Activation of its new employees. It is important to activate your UAN to enjoy the services of EPFO such as PF, Pension, Insurance, and most… pic.twitter.com/Wb8TIW4EZN

— EPFO (@socialepfo) November 28, 2024

Process to activate UAN

Visit the EPFO ​​member portal: https://unifiedportal-mem.epfindia.gov.in/memberinterface/

Click on the ‘Activate UAN’ link. Enter your UAN number, Aadhaar number, date of birth, and mobile number linked with Aadhaar. Check that your mobile number is linked with Aadhaar.

Give consent for Aadhaar OTP verification

Click on ‘Get Authorization PIN’ and enter the OTP received on your Aadhaar-linked mobile number. The password will be sent to your registered number after activation is complete.

Employer

Employers or companies have to ensure that all their employees have completed the process of activating UAN and linking Aadhaar by 30 November 2024. So that they can avail the benefits of ELI scheme.

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The post EPFO: Employees should activate UAN by 30 November, avail the benefits of ELI scheme first appeared on Rightsofemployees.com.

The Ministry of Labour and Employment has directed the Employees’ Provident Fund Organisation (EPFO) to ensure that the Universal Account Number (UAN) of employees is valid to avail the benefits of the Employment Linked Incentive (ELI) scheme. As per the Union Budget 2024-2025, all eligible employees will have to activate their UAN and link their Aadhaar with their bank accounts to avail the ELI scheme.

For employees to avail various services like viewing and downloading PF passbook, filing claims online and receiving payments through Direct Benefit Transfer (DBT) schemes, UAN activation and Aadhaar seeding are essential processes.

30 November is the last date

To ensure that all employees joining during the current financial year get the benefits under the ELI scheme, employers are being asked to complete all the processes by November 30, 2024. More information can be obtained from the concerned EPFO ​​office.

In a circular issued on November 22, the organisation said, “Since the benefits under the ELI scheme will be given to the eligible employees through DBT, employers are requested to ensure UAN activation and Aadhaar seeding in the bank account by November 30, 2024 in respect of all their employees joining in the current financial year.

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