Atal Bimit Vyakti Kalyan Yojana (ABVKY) | UPSC

Atal Bimit Vyakti Kalyan Yojana

HEADLINES:

Relaxation in eligibility criteria and enhancement in the payment of unemployment benefit under Atal Bimit Vyakti Kalyan yojana of ESIC

WHY IN NEWS:

Hot from PIB !

MINISTRY? :- Ministry of Labour & Employment

SYLLABUS COVERED: GS 3: Scheme

LEARNING:

For PRELIMS go through eligibility , aim and do not forget the ministry .

For MAINS nothing much here.

ISSUE:

Payment now at 50% of average wages payable for maximum 90 days unemployment instead of 25% earlier from 24.3.2020 to 31.12.2020

ATAL BIMIT VYAKTI KALYNA YOJNA

AIM

ESIC is implementing the Atal Bimit Vyakti Kalyna Yojna under which unemployment benefit is paid to the workers covered under ESI Scheme.

It has been decided to relax the existing conditions and the amount of relief for workers who have lost employment during the Covid-19 pandemic period.

IMPLEMENTED BY

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

DURATION

The scheme was implemented on pilot basis for a period of two years initially.
The enhanced relief under the relaxed conditions will be payable during the period of 24.03.2020 to 31st December 2020.

The ESI Corporation has decided to extend the scheme for one more year upto 30th June 2021.

Thereafter the scheme will be available with original eligibility condition during the period 01.01.2021 to 30.06.2021.
Review of these conditions will be done after 31.12.2020 depending upon the need and demand for such relaxed condition.

ELIGIBILITY CRITERIA

a.The payment of relief has been enhanced to 50% of average of wages from earlier 25% of average wages payable upto maximum 90 days of unemployment.

b. Instead of the relief becoming payable 90 days after unemployment, it shall become due for payment after 30 days.

c. The Insured Person can submit the claim directly to ESIC Branch Office instead of the claim directly in the bank account of IP.

d. The Insured Person should have been insurable employment for a minimum period of 2 years before his/her unemployment

IASbhai WINDUP:

The scheme provides relief to the extent of 25% of the average per day earning during the previous four contribution periods .
This is to be paid up to maximum 90 days of unemployment once in lifetime of the Insured Person.

SOURCES:THE HINDU & PIB | Atal Bimit Vyakti Kalyan Yojana

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