Consider the following statements regarding “Atal Bimit Vyakti Kalyan Yojana (ABVKY)”: 1. It is a welfare measure being implemented by the Employee’s State Insurance (ESI) Corporation.2. It offers cash compensation to workers covered under Employees’ State Insurance (ESI) Scheme when they are rendered unemployed. Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: Atal Bimit Vyakti Kalyan Yojana (ABVKY) is a welfare measure being implemented by the Employee’s State Insurance (ESI) Corporation.

It offers cash compensation to workers covered under Employees’ State Insurance (ESI) Scheme when they are rendered unemployed.
ESI Scheme aims to protect ‘employees’ against impact of incidences of sickness, maternity, disablement and death due to employment injury and to provide medical care to insured persons and their families.
Minimum two year of insurable employment is required to claim relief.

Source: FORUMIAS