Today is the last day to activate your UAN, if you miss it, you will not be eligible for the ELI scheme benefits.

If you’re employed, it’s crucial to activate your UAN number as soon as possible. For members of the Employees’ Provident Fund Organisation (EPFO), activating your Universal Account Number (UAN) is a must. Missing out on this will leave you deprived of several benefits. To activate your UAN, you need to link your Aadhaar to your bank account. This will make you eligible for the Employment Linked Incentive (ELI) scheme. But if you miss this step, you won’t be able to avail the benefits of these schemes. The EPFO has set a new deadline of December 15, 2024, for Aadhaar OTP-based UAN activation. Earlier, the deadline was November 30, 2024, but it has been extended to December 15. This extension provides a final opportunity for both employees and employers who joined this financial year to comply with the requirements. Essential for ELI Scheme The ELI scheme, launched by the central government in the 2024 budget, is designed to boost employment growth and provide financial incentives to newly employed individuals. It comprises three distinct schemes, labeled A, B, and C, each aimed at supporting different aspects of employment and financial assistance for new workers. Scheme A Scheme A targets individuals entering the formal sector for the first time, promising them up to ₹15,000, distributed in three installments, covering one month’s salary. The eligibility salary limit for this scheme is set at ₹1 lakh per month.

Scheme B Furthering the benefits of the ELI scheme, Scheme B focuses on promoting employment in the manufacturing sector. Here, the government subsidizes the EPFO contributions of both new employees and employers for the first four years. Scheme C Scheme C aims to generate additional employment across all sectors by providing a reimbursement of up to ₹3,000 per employee for two years for those earning up to ₹1 lakh per month. In this context, UAN activation and Aadhaar linkage become even more crucial to avail the benefits of these schemes. These measures ensure that employees receive the financial benefits of the ELI scheme, as well as access to online EPFO and Direct Benefit Transfer (DBT) services. The underlying objective behind the ELI scheme and linking Aadhaar and bank accounts is to safeguard the interests of workers while promoting job creation. By completing the UAN activation and Aadhaar linking process, both employees and employers will receive substantial financial support. This initiative aims not only to provide immediate financial assistance to new employees but also to incentivize employers to create more jobs.