ESIC launched Atal Bimit Vyakti Kalyan Yojana 21/07/2019 – Posted in: Press Information Bureau – Tags:

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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