ATAL BIMIT VYAKTI KALYAN YOJNA

Considering the change in employment pattern and the current scenario of employment in India which has transformed from a long term employment to fixed short term engagement in the form of contract and temping, the ESI Corporation has approved a Scheme named “ATAL BIMIT VYAKTI KALYAN YOJNA” for Insured Persons (IP) covered under the Employees’ State Insurance Act, 1948.

Important features of the scheme

1 . This scheme is a relief payable in cash directly to their Bank Account in case of unemployment and while they search for new engagement.

2 . Around 3.2 crore Insured Persons (IPs) will benefit from the scheme .

3 . The cash benefit given to the unemployed persons searching for new employment will be 25 percent of his average earning of 90 days.

Background

There are around six crores of workers in organized sector who are getting benefits of EPFO, ESIC and Social Security Schemes. The Union Government has taken many steps to enhance their working conditions, safety and social security in order to improve their standard of living.

Moreover there are around 40 crore workers of the unorganized sector also. In last two years nearly one crore workers have been linked with ESIC benefits and more than one crore have been brought in the fold of EPFO. Pradhan Mantri Jeewan Jyoti Beema Yojna and Pradhan Mantri Suraksha Beema Yojna are totally free for unorganized workers. Nearly 3 crore workers are benefitting from these Social Security Schemes.