The last date for linking UAN with Employee Linked Incentive (ELI) has been extended by EPFO. Till now this date was 30 November, but now it has been extended to 15 December.
ELI, UAN Date Extended: The last date for linking UAN with Employee Linked Incentive (ELI) has been extended by EPFO. Till now this date was 30 November, but now it has been extended to 15 December. Regarding this, a post was made by EPFO on social media X, in which information was given to EPFO members. Not only has this deadline been extended by the government, but the last date for linking Aadhaar with bank account has also been extended.
EPFO wrote in an ex-post- ‘Dear Employers, the last date for UAN activation and Aadhaar seeding in bank account has been extended to 15 December. Ensure this for all employees who have joined in the current financial year, so that they can avail the benefits of Employment Linked Incentive Scheme.’
Let us tell you that there were already speculations that EPF can increase this limit for new employees. This is because the details of ELI Scheme have not been announced by the government yet. The same happened and EPFO has extended the last date by 15 days.
Dear Employers,
The date of UAN activation and Aadhaar seeding of Bank Account has been extended till 15th December.
Ensure to do the same for all employees who have joined in the current financial year, starting with the latest joinees, to avail the benefit of the Employment… pic.twitter.com/u0Sob5Qujf— EPFO (@socialepfo) December 4, 2024
What is Employment Linked Incentive Scheme?
Employment Linked Incentive (ELI) Scheme is a government scheme aimed at providing incentives to youth for employment. Under this scheme, the government provides financial benefits to companies and institutions for recruiting new employees. Its main objective is to reduce unemployment and increase employment opportunities for workers.
In this scheme, the government gives some financial incentives to employers if they hire new employees. This incentive can be in many forms such as tax exemption, salary support, or money for training.
The scheme benefits those who are looking for a job, especially those youth who are starting work for the first time. Through this, companies also get incentives to recruit new and qualified employees. The aim of this scheme is to promote economic development and enable the working youth force, so that they can contribute to the development process of the country.
