TNPSC Thervupettagam

Atal Bimit Vyakti Kalyan Yojana

July 19 , 2019 1839 days 758 0
  • The Minister for Labour and Employment Santosh Kumar Gangwar informed Rajya Sabha about the ‘Atal Bimit Vyakti Kalyan Yojana.
  • The scheme will be implemented by Employees' State Insurance Corporation (ESIC) for Insured Persons (IP) covered under the ESI Insurance Act, 1948.
  • It is implemented on pilot basis for a period of two years initially.
  • It aims to financially support those who lost their jobs or rendered jobless for whatsoever reasons due to changing employment pattern.
  • The relief will be payable in cash directly to bank account of insured persons in case of unemployment.
  • They will also be able to draw 47% of their total contributions towards ESIC after remaining unemployed for at least three months from date of leaving their previous jobs.
About
  • ESI is a self-financing social security and health insurance scheme for Indian workers.
  • It is an autonomous corporation by statutory creation under Ministry of Labour and Employment, Government of India.
  • It is managed by Employees’ State Insurance Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948.

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