Which of the following statements relating to the recent steps taken by the Government of India under the 'Employment Linked Incentive (ELI) Scheme' is/are correct?
1. ELI Scheme has an outlay of about ₹ 1 lakh crore.
2. Establishments registered with the EPFO are required to hire at least two additional employees (with fewer than 50 employees) or five additional employees (with 50 or more employees), on a sustained basis for at least six months, to avail benefits under the ELI Scheme.
Select the answer using the codes given below :
Let's analyze each statement of the question carefully and assess whether they are correct:
- Statement 1: "ELI Scheme has an outlay of about ₹ 1 lakh crore."
- The Employment Linked Incentive (ELI) Scheme is a government initiative aimed at boosting employment by providing incentives to organizations that create new jobs. The financial outlay refers to the allocated budget or monetary resources designated for implementing the scheme.
- This statement is correct as the Government of India has allocated approximately ₹ 1 lakh crore for the ELI Scheme to incentivize job creation.
- Statement 2: "Establishments registered with the EPFO are required to hire at least two additional employees (with fewer than 50 employees) or five additional employees (with 50 or more employees), on a sustained basis for at least six months, to avail benefits under the ELI Scheme."
- The Employees' Provident Fund Organization (EPFO) is responsible for overseeing and managing employee provident funds and related schemes in India.
- This statement highlights a specific condition for establishments registered with EPFO to gain incentives under the ELI Scheme. The purpose is to ensure that organizations contribute to job creation by hiring a designated number of new employees and maintaining them for a minimum period of six months.
- This statement is accurate as per the provisions of the ELI Scheme, which mandates such conditions to encourage continuous employment generation.
Conclusion: Based on the analysis of both statements and aligning them with the scheme provisions, both statements 1 and 2 are correct.
Therefore, the correct answer is:
Both 1 and 2
Important Questions from Government Policies and Schemes
Which of the following statements about ‘SHRESHTA’ scheme, launched recently by the Government of India, is/are correct?
1. This scheme is for residential education for students in high school in targeted areas.
2. It provides for high quality education for meritorious but poor Scheduled Caste students.
Select the correct answer using the code given below.
On 14 th January, 2022, which one of the following ministries has organized a global Surya Namaskar Demonstration programme?
Bharatmala Pariyojana is related to
Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct?
1) KKC is calculated in the same way as Service Tax is calculated.
2) The current rate of KKC is 0.50%
3) KKC is similar to the KKS (Krishi Kalayn Surcharge)
Select the correct answer using the code given below:Which of the following is/are the component/components of the Integrated Power Development Scheme launched by the Government of India recently?
1. Strengthening of sub-transmission and distribution networks in the urban areas
2. Metering of distribution transformers/feeders/consumers in the rural areas
Select the correct answer using the code given below:
