Consider the following statements about the Employment-Linked Incentive scheme: 1. The Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 7 years. 2. Part B of the scheme targets the first time employees. 3. All payments to the beneficiaries under Part A of the scheme will be made through DBT (Direct Benefit Transfer) mode. How many of the above statements are correct? |ForumIAS

Q. Consider the following statements about the Employment-Linked Incentive scheme:
1.The Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 7 years.
2.Part B of the scheme targets the first time employees.
3.All payments to the beneficiaries under Part A of the scheme will be made through DBT (Direct Benefit Transfer) mode.
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A

Notes:

Explanation: Only Statement 3 is correct

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

Statement 2 is incorrect: Part A: Incentive to First Time Employees:

Target beneficiaries: This part targets first-time employees registered with EPFO.

Statement 3 is correct: For Part A: All payments to the First Time Employees under Part A of the Scheme will be made through DBT (Direct Benefit Transfer) mode using Aadhar Bridge Payment System (ABPS).

Source: PIB

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