Atal Bimit Vyakti Kalyan Yojana
- Posted By
10Pointer
- Categories
Economy
- Published
24th Aug, 2020
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- Relaxation in eligibility criteria and enhancement in the payment of unemployment benefits under the Atal Bimit Vyakti Kalyan Yojana of ESIC.
- It was launched by the Employee’s State Insurance (ESI) in 2018.
- It aims to financially support those who lost their jobs or rendered jobless for whatsoever reasons due to changing employment pattern.
- The payment of relief has been enhanced to 50% of average of wages from earlier 25% of average wages payable up to maximum 90 days of unemployment.
- Instead of the relief becoming payable 90 days after unemployment, it shall become due for payment after 30 days.
- The Insured Person can submit the claim directly to ESIC Branch Office instead of the claim being forwarded by the last employer and the payment shall be made directly in the bank account of IP.
- The Insured Person should have been insurable employment for a minimum period of 2 years before his/her unemployment and should have contributed for not less than 78 days in the contribution period immediately preceding to unemployment and minimum 78 days in one of the remaining 3 contribution periods in 02 years prior to unemployment.
