UAN activation deadline- The ELI scheme has been created for employment generation. The scheme aims to create more than 2 crore jobs in the country in a period of 2 years. Today is the last date to activate UAN to avail the benefit of ELI.
. Today i.e. 30th November is the last day for the employees employed in the current financial year to activate their EPFO Universal Account Number (UAN). If UAN is not activated, they will not be able to avail the benefits of Employment Linked Incentive (ELI Scheme). It was announced in the Union Budget 2024-2025 that all eligible employees will have to acquire their Universal Account Number and link their Aadhaar number to their bank account to participate in the ELI scheme. UAN can be activated online from home.
Union Finance Minister Nirmala Sitharaman launched three ELI schemes (A, B and C) during the General Budget 2024. The benefit of ELI is given through DBT, so all companies have been urged to ensure UAN activation and Aadhaar seeding for all new entrants. To ensure that maximum companies and employees benefit from the ELI scheme, the Ministry of Labor and Employment had directed EPFO to work actively with the companies.
How to activate UAN online
UAN can be completed using Aadhaar based OTP process. You can do this important task by following the steps given below…
- First of all go to EPFO membership portal.
- Now click on the “Activate UAN” link under “Important Links”.
- After this, fill the required details like UAN number, Aadhaar number, name, date of birth and Aadhaar linked mobile number.
- Give your consent for Aadhaar based OTP verification.
- Now click on “Get Authorization PIN” to get OTP on the Aadhaar linked mobile number.
- To complete the UAN activation process, enter the OTP received on your mobile number.
- After successful activation a password will be sent to your registered mobile number.
What is ELI scheme?
ELI scheme has been created for employment generation. The scheme aims to create more than 2 crore jobs in the country in a period of 2 years. The central government has announced three schemes for employment-related incentives (ELI). The aim of these schemes is to provide employment, skills and other opportunities to 4.1 crore youth in the next 5 years with a budget of Rs 2 lakh crore. The main objective of this scheme is to increase employment and encourage the company to hire new employees. The government has divided the ELI scheme into three parts A, B and C.
Scheme A: This scheme encourages companies to hire new graduates. Companies will get a subsidy of Rs 15,000 on every new employee.
Scheme B: This is for the manufacturing sector. Under this, companies will get Rs 3,000 per employee per month for two years for EPF contribution on hiring new employees.
Scheme C: This scheme provides general incentives to employers to increase their workforce. Under this, companies will be given benefits for recruiting additional employees. However, more information about this could not be revealed.
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