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Time of India
2 days ago
- Business
- Time of India
Labour, industry must work in close coordination for nation's workforce, economy: Mandaviya, ETHRWorld
Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHRWorld industry right on your smartphone! Download the ETHRWorld App and get the Realtime updates and Save your favourite articles. New Delhi, Labour and industry must work in close coordination for the greater good of the nation's workforce and economy, Union Minister Mansukh Mandaviya said on Minister for Labour & Employment made the remarks while chairing a high-level meeting of state labour and industry ministers on the Employment Linked Incentive Scheme (ELI).The objective of the meeting was to deliberate on the implementation modalities and explore collaborative strategies for the effective rollout of the ELI Scheme, the ministry said in a statement."Labour and industry are two sides of the same must work in close coordination for the greater good of the nation's workforce and economy," he assured participants that procedural formalities under the scheme have been kept simple to ensure ease of access and encourage wide ELI scheme represents the second step after the PLI plan in the direction of building an Atmanirbhar Bharat, the minister said, adding that the ELI scheme will provide financial support to employers, enabling them to generate additional employment, particularly for the cited KLEMS data published by the Reserve Bank of India (RBI), highlighting that over 17 crore employment opportunities were generated during the last he noted, is a reflection of the significant economic progress made by the country, particularly driven by robust growth in sectors like construction, manufacturing, and emphasised that this momentum must be sustained and further accelerated through schemes like ELI, which are designed to create quality jobs, deepen formalisation, and support inclusive development.
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Business Standard
2 days ago
- Business
- Business Standard
Govt asks states to align job schemes with ₹99,446-cr ELI programme
The Centre has called on states to align their employment-oriented initiatives with the newly launched Employment Linked Incentive (ELI) Scheme. This move is aimed to maximise job creation, deepen formalisation, and strengthen the country's employment ecosystem. Chairing a high-level virtual meeting with state labour and industry ministers on Monday, Union Labour & Employment Minister Mansukh Mandaviya said, 'Labour and industry are two sides of the same coin. Both must work in close coordination for the greater good of the nation's workforce and economy.' Mandaviya urged the state governments to integrate their existing employment programmes with the ELI scheme's objectives to ensure coordination and avoid duplication of efforts. Referring to the Reserve Bank of India's KLEMS data, Mandaviya noted that over 170 million employment opportunities were generated over the past decade, mainly in sectors such as construction, manufacturing, and services. 'We must build on this momentum. The ELI Scheme is a strategic tool to do so,' he said. What is the Employment Linked Incentive scheme? The Employment Linked Incentive scheme, or ELI, is a central government initiative aimed at accelerating formal job creation by providing financial incentives to employers who generate net new employment, particularly for the youth. The scheme has a total outlay of ₹99,446 crore and targets the creation of 35 million jobs within two years. The ELI scheme is seen as the next major step after the Production Linked Incentive (PLI) programme. 'The ELI Scheme represents the next step in building an Atmanirbhar Bharat. It is a win-win for employers and job seekers alike,' Mandaviya said, adding that procedural formalities have been simplified to ensure ease of access and mass adoption. Ministry secretary Vandana Gurnani added that the first instalment of incentives under the scheme would be disbursed following six months of continuous employment. Gurnani added that the scheme also seeks to extend social security coverage and improve employability, particularly in the manufacturing sector. States to hold district-level meetings on ELI This meeting was well received, with ministers from states including Gujarat, Assam, Bihar, Madhya Pradesh, Jharkhand, Chhattisgarh and Arunachal Pradesh expressed support for the scheme and assured cooperation in its rollout. While many agreed to align their state-run employment initiatives with the ELI scheme, others also suggested holding district-level awareness programmes, in a bid to encourage collaboration with industry chambers and local businesses. [With agency inputs]
Hans India
2 days ago
- Business
- Hans India
ELI scheme next step after PLI to build Atmanirbhar Bharat: Minister
The employment-linked incentive (ELI) scheme represents the second step after the production-linked incentive (PLI) scheme in the direction of building an Atmanirbhar Bharat, Labour Minister Dr Mansukh Mandaviya has stressed. The ELI scheme will provide financial support to employers, enabling them to generate additional employment, particularly for the youth. The minister described the initiative as a win-win for both employers and job seekers. During a high-level virtual meeting of state labour ministers and state industry ministers, he cited KLEMS data, published by the Reserve Bank of India (RBI), highlighting that over 17 crore employment opportunities were generated during the last decade, according to a Ministry of Labour and Employment statement. This, he noted, is a reflection of the significant economic progress made by the country, particularly driven by robust growth in sectors such as construction, manufacturing, and services. Dr Mandaviya emphasised that this momentum must be sustained and further accelerated through schemes like ELI, which are designed to create quality jobs, deepen formalisation, and support inclusive development. 'Labour and industry are two sides of the same coin,' the Minister said, adding that both must work in close coordination for the greater good of the nation's workforce and economy. He assured participants that procedural formalities under the scheme have been kept simple to ensure ease of access and encourage wide participation. The Union Minister also urged state ministers to actively promote the scheme through media briefings, television and radio interviews, and other outreach platforms. He emphasised the importance of comprehensive planning and awareness-building at the grassroots level. With a total outlay of Rs. 99,446 crore, the ELI scheme aims to create over 3.5 crore jobs across the country over a two-year period. During the meeting, labour and industry ministers from Gujarat, Assam, Bihar, Chhattisgarh, Arunachal Pradesh, Madhya Pradesh, Jharkhand and several other states appreciated the initiative and assured their full cooperation in ensuring its successful implementation across their respective regions.
Time of India
2 days ago
- Business
- Time of India
Centre asks states to link their employment-oriented schemes with the objectives of ELI
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Labour and employment minister Mansukh Mandaviya nudged states to consider linking their respective employment-oriented schemes with the objectives of the Employment Linked Incentive (ELI) scheme while urging them to actively promote the ELI scheme which comes into effect from August a high-level virtual meeting with labour and industry ministers of state, minister Mandaviya on Monday deliberated with states on the implementation modalities and explored collaborative strategies needed for the effective rollout of the Employment Linked Incentive (ELI) scheme.'The ELI scheme represents the second step after the production linked incentive (PLI) scheme in the direction of building an Atmanirbhar Bharat,' he said.'The ELI scheme will provide financial support to employers, enabling them to generate additional employment, particularly for the youth,' he said, adding the initiative is a win-win for both employers and job the KLEMS data, published by the Reserve Bank of India (RBI), which shows over 170 million employment opportunities were generated in India during the last decade, Mandaviya said it is a reflection of the significant economic progress made by the country, particularly driven by robust growth in sectors such as construction, manufacturing, and services.'This momentum must be sustained and further accelerated through schemes like ELI, which are designed to create quality jobs , deepen formalization, and support inclusive development,' he states, Mandaviya said that labour and industry are two sides of the same coin and that all stakeholders must work in close coordination for the greater good of the nation's workforce and economy.'The procedural formalities under the scheme have been kept simple to ensure ease of access and encourage wide participation,' Mandaviya said, urging states to actively promote the scheme through media briefings, television and radio interviews, and other outreach the importance of comprehensive planning and awareness-building at the grassroots level, Mandaviya emphasized that states may consider linking their respective employment-oriented schemes with the objectives of the ELI union cabinet had recently approved the Rs 99,446 crore ELI Scheme, to be implemented through the Employees' Provident Fund Organisation (EPFO). The aim of the scheme is to create over 35 million jobs across the country over a two-year period.A statement issued by the ministry of labour and employment said labour and industry ministers from Gujarat, Assam, Bihar, Chhattisgarh, Arunachal Pradesh, Madhya Pradesh, Jharkhand and several other states appreciated the initiative and assured their full cooperation in ensuring its successful implementation across their respective regions.'The state ministers proposed that dedicated events, awareness programmes, and conferences may be organized at the district level in collaboration with state governments to help disseminate comprehensive information about the scheme, promote its adoption, and ensure that its benefits reach the grassroots level and last-mile beneficiaries,' it said.
