It is hoped that the new plan will bring to an end the delays, which have been blamed on a lack of space in Israel's absorption centres.
The Ethiopian Jews still living in the African country are known as Falash Mura, a group who claim their Jewish ancestors were forced to convert to Christianity.
Although some have questioned their Jewish status, Israeli rabbis have ruled that they are of Jewish descent, although most are expected to undergo a conversion process on making a liyah.
Israel's efforts to bring the Ethiopian Jews to Israel began as a secret mission in the 1980s and by January 1985 Israel had airlifted some 8,000 people from the impoverished, famine-stricken African country. In 1991 a further 15,000 Ethiopian Jews were airlifted to Israel in Operation Solomon.