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DAILY NEWS ANALYSIS

  • 26 March, 2021

  • 4 Min Read

Atal Bimit Vyakti Kalyan Yojana

Atal Bimit Vyakti Kalyan Yojana

Atal Bimit Vyakti Kalyan Yojana is a welfare measure being implemented by the Employee's State Insurance Corporation (ESIC) on a pilot basis for a period of 2 years initially. It has been extended to June 30, 2021.

Introduced w.e.f. July 01, 2018, it offers cash compensation to Insured Persons (IPs) when they are rendered unemployed.

Eligibility for the scheme is,

  • Employees are covered under Section 2(9) of the ESI Act 1948.
  • IP should have completed 2 years of Insurable employment.
  • IP should have contributed not less than 78 days during each of the preceding 4 contribution periods preceding to the claim of relief.
  • The contribution in respect of him should have been paid or payable by the employer.

The eligibility conditions have been relaxed as follows for IPs who became unemployed from 24th March 2020 onwards,

  • The rate of relief has been doubled from 25% to 50% on average per day earning of employee.
  • IPs must have contributed for not less than 78 days in the contribution period immediately preceding the unemployment.
  • Claim shall become due 30 days after date of unemployment. Earlier, this period was 90 days.
  • The claim may be submitted by an IP (need not be forwarded by the employer) in the prescribed claim form duly completed online or directly to the branch office.

Other Measures for Welfare of Unemployed

  • Aatmanirbhar Bharat Rozgar Yojana (ABRY) Scheme incentivizes the creation of new employment along with social security benefits and restoration of loss of employment during the Covid-19 pandemic.
  • This scheme is being implemented through the Employees Provident Fund Organisation (EPFO).
  • National Career Service Project is a Mission Mode Project is implemented by the Ministry of Labour & Employment.
    • It aims to provide a variety of employment-related services in the country like job matching, career counselling, internships, etc.
    • These services available on the NCS Portal are accessible to all users including job-seekers, employers, skill providers, etc.

Source: PIB

  • 25 March, 2021

  • 12 Min Read

Atal Bimit Vyakti Kalyan Yojana

Atal Bimit Vyakti Kalyan Yojana

  • The scheme Atal Beemit Vyakti Kalyan Yojana was introduced by the Employees’ State Insurance Corporation (ESIC) on pilot basis for a period of 2 years w.e.f. 01.07.2018 for providing relief to the Insured Persons (IPs) who have become unemployed.
  • Under this scheme relief in the form of cash compensation to the extent of 25 per cent of the average per day earning was paid upto a maximum of 90 days of unemployment subject to conditions that the employee should have completed two years of Insurable employment and has contributed not less than Seventy-Eight (78) days in each of the four consecutive contribution periods immediately preceding to the claim of the relief.
  • Since its inception till 18.03.2021, a total of 43299 beneficiaries have availed relief under the scheme and an amount of Rs.57.18 crore has been disbursed.

The scheme has been extended for the period from 01.07.2020 to 30.06.2021.

  • The rate of relief has been doubled from 25 per cent to 50 per cent average per day earning of employee.
  • The Insured Person should have been in insurable employment for a minimum period of two years immediately before his/ her unemployment and should have contributed for not less than 78 days in the contribution period immediately preceding the unemployment and minimum 78 days in one of the remaining three contribution periods in two years prior to unemployment. Earlier this condition was a minimum contribution of 78 days in four contribution periods prior to unemployment with minimum two years insurable employment.
  • Claim shall become due 30 days after date of unemployment. Earlier this period was 90 days.
  • The claim of the IP need not be forwarded by the employer. The claim may be submitted by an IP in the prescribed claim form duly completed online or directly to the branch office.

Source: PIB


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