EPFO has extended the last date for linking UAN. It was 30 November, now extended to 15 December 2024. The deadline for linking bank accounts with Aadhaar has also been extended. Employers have been asked to update the UAN and bank account of all new employees on time. This will give the employees the full benefit of the government scheme.
The main objective of the ELI scheme is to increase the number of new jobs and help employees and employers. Under this, first-time job seekers will get financial incentives, and employers will benefit by providing additional employment. It is necessary to link UAN and Aadhaar so that both the employee and the employer can benefit from this scheme.
Scheme A: For Those With A First Job
Scheme A is for those doing a job for the first time. In this, employees will be given a salary of up to Rs 15,000 in three instalments. This money will go directly to the bank account linked to Aadhaar. This scheme has been created to include new people in the job and give them financial help.
Scheme B: For The Manufacturing Sector
Scheme B aims to increase employment in the manufacturing sector. Under this scheme, employers and new employees will receive incentives for EPFO contributions. This benefit will be available for four years. This scheme is beneficial for creating new jobs and increasing production in the manufacturing sector.
Scheme C: For More Employment
Scheme C is for employers of all sectors. Under this scheme, the government will give Rs 3,000 per month to the employer for every new employee. This help will be available for two years. With this scheme, employers will be able to employ more people. Employees with salaries up to Rs 1 lakh can take advantage of it. EPFO says that UAN and Aadhaar must be linked by 15 December 2024 so employees can take advantage of these schemes.
