Atal Bimit Vyakti Kalyan Yojana

Why in news?

• Labour Minister Santosh Gangwar said that claims for payment of unemployment benefit under its Atal Bimit Vyakti Kalyan Yojana run by the ESIC will be settled within 15 days from the date of an application.

Atal Bimit Vyakti Kalyan Yojana

• The ESI Corporation has launched a scheme named ‘Atal Bimit Vyakti Kalyan Yojana’  (ABVKY) for the Insured Person (IP) when he/she is rendered unemployed.
• It provides relief to the extent of 25% of the average per day earning during the previous four contribution periods to be paid up to maximum 90 days of unemployment on submission of claim in form of an Affidavit.
• The Scheme has been made effective from 01-07-2018.
• In case the IP is working for more than one employers and is covered under the ESI scheme he will be considered unemployed only in case he is rendered unemployed with all employers.
• The IP can submit his claim online through the ESIC Portal.
•  The Relief under ABVKY shall be paid/ payable by Branch Office to IPs directly in their bank account only.                        

PRELIMS QUESTION

” Atal Bimit Vyakti Kalyan Yojana” is a scheme launched by ESIC to support:
(a)Unemployed persons
(b)Covid Patients
(c)Disabled people
(d)Skilled Artisans

Answer to prelims question