The Employees’ State Insurance Corporation (ESIC) has extended the Atal Bimit Vyakti Kalyan Yojana by one year. The Atal Insured Person Welfare Scheme is being implemented by the Employees State Insurance Corporation. The scheme was approved under the Employees’ State Insurance Act, 1948. The scheme aims to support people who have lost their jobs due to changing employment patterns due to international crisis or domestic crisis. Currently, the change in employment pattern is due to COVID-19.
About the Yojana:
Other schemes for the unemployed in India
¨ Payments are made for a maximum of 90 days of unemployment at one time during the life of the insured.
¨ Relief payments will be made after 90 days of unemployment.
¨ Contributions in relation to the employee must be paid or payable by the employer.
¨ The insured should be in insurable employment for a minimum period of two years. The insured should have a contribution of at least 78 days during the preceding four contribution periods.
¨ Instead of paying relief after 90 days of first unemployment, now payment will be made after 30 days.
¨ The insured can submit the claim directly to the ESIC branch office instead of the claim being forwarded by the last employer and payment will be made directly to the insured’s bank account.
¨ The insured should be in insurable employment for a period of at least two years prior to his unemployment and his contribution should not be less than 78 days in the contribution period immediately before unemployment. There should be a minimum contribution of 78 days in one of the remaining three contribution periods before 2 years of unemployment.
About the ESI Act, 1948:
UPSC
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