The Union Cabinet, led by Prime Minister Narendra Modi, has approved the Employment Linked Incentive (ELI) Scheme aimed at generating over 3.5 crore jobs in two years. The scheme, with a total outlay of ₹99,446 crore (nearly ₹1 lakh crore), will support job creation, enhance employability, and expand social security coverage across sectors, with a special push for manufacturing. The Cabinet has also greenlit a new Research & Development Fund worth ₹1 lakh crore.
