The Employees’ State Insurance Corporation (ESIC) has approved Atal Bimit Vyakti Kalyan Yojana for those who lost their jobs and covered under Employees’ State Insurance Act 1948. Ministry of Labour and Employment has prepared a complete layout to implement this scheme and application for ABVKY will be issued soon. The government will provide financial support to those who lost their jobs untill they do not find another job under Atal Bimit Vyakti Kalyan Yojana.
The decision for this scheme was taken at the ESIC board meeting chaired by the Labour Minister Santosh Gangwar in New Delhi. . Under this scheme the relief payable in cash directly to the people’s bank account in the case of unemployment and while they are searching new job.
As per officials Atal Bimit Vyakti Kalyan Yojana registration / application and eligibility for availing financial assistance in unemployment period. The eligibility for availing Super Specialty treatment for dependents of Insured Person has now been relaxed to insurable employment of one year with 156 days of contributions. This relaxation will immensely help the Insured Persons and their beneficiaries to avail super specialty treatment free of cost as per revised eligibility.
Atal Bimit Vyakti Kalyan Yojana (ABVKY) By ESIC
ESIC launched Atal Bimit Vyakti Kalyan Yojana (ABVKY) on the basis of pattern of employment in India. Currently the employment scenario in the country has become short term engagement in the form of contract and temping rather than long term employment.
The ESIC also approved the proposal for increasing the funeral expenses from existing 10 thousand rupees to 15 thousand rupees being paid on the death of Insured Person.
The corporation further approved reimbursement of Rs. 10 per person to employers for seeding of Aadhar (UID) in ESIC database of their workers and their family members for enabling the insured with benefits that require longer contribution.
For super specialty treatment, the ESIC relaxed the eligibility condition by reducing the requirement of insurable employment of two years to six months with contribution requirement of only 78 days.
Further, the corporation approved the proposal to increase the funeral expenses from existing Rs. 10,000 to Rs. 15,000 being paid on the death of Insured Person.