Employees’ State Insurance Corporation (ESIC),
had launched Atal Bimit Vyakti Kalyan Yojana in 2018. The scheme is being implemented
on pilot basis for a period of two years
The scheme is for Insured Persons covered under
the Employees’ State Insurance Act, 1948.
The scheme provides for a relief payable in cash
directly to the Bank Account in case an insured person is rendered unemployed
and is in search for new engagement.
The cash benefit given to the unemployed persons
searching for new employment is 25% of his average earning of 90 days.
The Employees’ State Insurance Act 1948 (the ESI
Act) provides for medical, cash, maternity, disability and dependent benefits
to the Insured Persons under the Act.
The ESI Act is administered by Employees’ State
Insurance Corporation (ESIC), Ministry of Labour and Employment.
