Scrap the ELI Scheme
CPI(M) Polit Bureau has issued the following statement on July 2, 2025
THE Polit Bureau of the Communist Party of India (Marxist) opposes the approval granted by the Union Cabinet to the Employment Linked Incentive (ELI) Scheme, which is designed to transfer public money to big corporate houses. This is yet another attempt by the BJP-led central government to benefit corporates at the cost of workers. It is a clear example of its cronyism.
The ELI scheme is a deceptive measure of transferring public funds to corporates veiled in the promise of enhancing job creation, employability and social security to delude the youth. This scheme promotes fragile and precarious jobs, subsidising investment costs, production costs, labour costs and even statutory liabilities of both domestic and foreign employers from the public exchequer.
The BJP-led government has been cutting down allocations for MGNREGA which benefits the poor in the rural areas and ignoring the demand to formulate such employment guarantee Act for the urban areas. At the same time it is providing huge concessions to corporates in the name of incentives.
The Communist Party of India (Marxist) demands the government to ensure decent employment with minimum wages, job security and social security. This can be done by filling the huge vacancies and expanding public services like health, education, public transport etc., through allocating adequate funds, instead of subsidising the corporate class.
The CPI(M) demands the government to immediately scrap the ELI scheme and protect the interests of workers.
