Consider the following statements about the Employment Linked Incentive (ELI) Scheme: 1. The scheme aims to incentivize the creation of more than 3.5 crore jobs in the country, over a period of next 10 years. 2. The first-time employees will get one month’s wage of up to Rs. 15,000. 3. The employers are also incentivized for generating employment under this scheme. How many of the above statements are correct? |ForumIAS

Q. Consider the following statements about the Employment Linked Incentive (ELI) Scheme:
1.The scheme aims to incentivize the creation of more than 3.5 crore jobs in the country, over a period of next 10 years.
2.The first-time employees will get one month’s wage of up to Rs. 15,000.
3.The employers are also incentivized for generating employment under this scheme.
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: B

Notes:

Explanation: Statement 2 and 3 are correct

Statement 1 is incorrect: The ELI Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years.

Statements 2 and 3 are correct: Under the Scheme, while the first-time employees will get one month’s wage (up to Rs 15,000/-), the employers will be given incentives for a period to two years for generating additional employment, with extended benefits for another two years for the manufacturing sector.

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS