The Union Cabinet has recently given the green light to the Employment Linked Incentive (ELI) Scheme, a significant initiative aimed at boosting job creation across India. With an allocation of ₹99,446 crore, the scheme is set to generate over 3.5 crore jobs within the next two years. This ambitious plan focuses on providing wage incentives to new employees, thereby encouraging workforce expansion and economic growth. The ELI Scheme is designed to stimulate employment particularly in the manufacturing sector, which is a critical component of India’s economic framework. By offering financial incentives to employers who create additional jobs, the government aims to address unemployment and enhance productivity. The scheme’s dual approach benefits both employees and employers: new employees receive wage incentives, making employment more attractive, while employers gain financial support for expanding their workforce. This initiative is part of a broader strategy to revitalize the Indian economy post-pandemic by fostering a conducive environment for job creation. The focus on manufacturing aligns with the government’s ‘Make in India’ campaign, which seeks to transform India into a global manufacturing hub. By incentivizing job creation in this sector, the ELI Scheme not only aims to reduce unemployment but also to increase India’s competitiveness on the global stage. The approval of this scheme underscores the government’s commitment to economic recovery and sustainable development. It reflects a strategic move to harness India’s demographic dividend by creating ample employment opportunities for its burgeoning workforce. As the scheme rolls out, it is expected to have far-reaching implications for economic growth and social stability in India.