Overview

• The scheme’s ₹99,446 crore outlay aims to formalise 35 million jobs in two years, including 19.2 million first-time workers.
• New employees earning up to ₹1 lakh will receive up to ₹15,000 in EPF support paid in two instalments after six and twelve months.
• Employers will get wage subsidies of ₹3,000 per month for new hires over two years, with manufacturing firms eligible for a four-year extension.
• Beneficiaries must complete financial literacy training and earmark part of the benefit for savings, with payments routed through Aadhaar-linked bank accounts.
• EPFO’s digital upgrades are underway to support mass registrations and transfers, but experts caution that airtight audits and streamlined payouts are needed to prevent misuse.