ESIC launched Atal Bimit Vyakti Kalyan Yojana 21/07/2019 – Posted in: Press Information Bureau – Tags: ESIC
Atal Bimit Vyakti Kalyan Yojana
(Ministry of Labour and Employment)
WHAT
Employees’ State Insurance Corporation has launched a scheme named ‘Atal Bimit Vyakti Kalyan Yojana’ (ABVKY).
- In case the Insured Person (IP) is rendered unemployed, provides relief to the extent of 25% of the average per day earning during the previous four contribution periods to be paid up to maximum 90 days of unemployment once in a lifetime.
- The Scheme has been made effective from 01-07-2018.
- The scheme is implemented on a pilot basis for a period of two years initially.
ELIGIBILITY CONDITIONS
- The Insured Person should have been rendered unemployed during the period the relief is claimed.
- The Insured Person should have been in insurable employment for a minimum period of two years.
- The Insured Person should have contributed not less than 78 days during each of the preceding four contribution periods.
- The contribution in respect of him should have been paid or payable by the employer.
- The contingency of unemployment should not have been as a result of any punishment for misconduct or superannuation or voluntary retirement.
EMPLOYEES’ STATE INSURANCE CORPORATION
- The scheme was inaugurated in Kanpur on 24th February 1952 (ESIC Day) by then Prime Minister Pandit Jawahar Lal Nehru.
- The promulgation of Employees’ State Insurance Act, 1948 (ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India.
- The ESI Act 1948, encompasses certain health-related eventualities that the workers are generally exposed to; such as sickness, maternity, temporary or permanent disablement, Occupational disease or death due to employment injury, resulting in loss of wages or earning capacity-total or partial.
Source: PIB
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