How will new schemes via EPFO benefit first-time employees and employers

Finance minister introduces 3 new schemes to enhance employment through EPFO, with a total outlay of Rs 1.07 lakh crore. Schemes aim to benefit first-time employees, encourage job creation in manufacturing sector, and support employers for additional employment. EPFO records highest net addition of 19.50 lakh members in May 2024, with significant growth in 18-25 age group.