Latest news with #Aadhaar-bank
The Hindu
07-07-2025
- General
- The Hindu
Eluru SC Welfare officer urges students to link Aadhaar with bank accounts
District Scheduled Caste (SC) Welfare and Empowerment officer Y. Vishwamohan Reddy stated that financial assistance under the 'Thalliki Vandhanam' scheme will be credited to the bank accounts of eligible SC students studying in the first year of Intermediate (2025-26), on July 10. In a press release on Monday, he emphasised that in order to receive the benefit, the bank account must be in the student's name and linked with their Aadhaar number through the NPCI (National Payments Corporation of India) system. Students whose accounts are not yet linked to the Aadhaar are advised to immediately visit their respective banks and complete the process. The students without a bank account will not receive the benefit of the scheme. Therefore, such students must open a bank account today itself, preferably at a post office, and ensure it is linked with their Aadhaar through NPCI mapping. The 'Thalliki Vandhanam' scheme provides financial support to SC students pursuing Intermediate education, and the proper completion of Aadhaar-bank linkage is crucial to ensure timely disbursement.
The Hindu
01-07-2025
- Business
- The Hindu
Union Cabinet approves Employment Linked Incentive Scheme
The Union Cabinet on Tuesday (July 1, 2025) approved various schemes including Employment Linked Incentive Scheme, Union Minister Ashwini Vaishnaw said in a media briefing in New Delhi. While addressing a press conference, Union MInister Ashwini Vaishnaw announced that the approval of Employment Linked Incentive Scheme for ₹1.07 lakh crore. Under the Scheme, while the first-time employees will get one month's wage (up to ₹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. The Employment Linked Incentive (ELI) Scheme was announced in the Union Budget 2024–25 to generate formal employment by offering financial support to both employers and first-time employees. To avail the benefits, employees must enrol in EPFO and meet Aadhaar-bank seeding requirements. With an outlay of ₹99,446 Crore, the ELI Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years. Out of these, 1.92 Crore beneficiaries will be first timers, entering the workforce. The benefits of the Scheme would be applicable to jobs created between August 1, 2025 and July, 31, 2027. With ELI Scheme, the government intends to catalyse job creation in all sectors, particularly in manufacturing sector, besides incentivizing youth joining the workforce for the first time, Mr. Vaishnaw said. Mr. Vaishnaw also said that Union Cabinet approved National Sports Policy 2025, Research Development and Innovation scheme, and four laning of Paramakudi-Ramanathapuram national highway.
