Lost your Job? ESIC’s Atal Bimit Vyakti Kalyan Yojana will help you in times of COVID-19


Team Udayavani, Sep 23, 2020, 5:36 PM IST

 

New Delhi: In a relief to workers affected by the COVID-19 Pandemic, the government has extended its Atal Bimit Vyakti Kalyan Yojana (ABVKY) under the Employees’ State Insurance Corporation (ESIC) while also relaxing eligibility criteria and enhancing payment.

The Atal Bimit Vyakti Kalyan Yojana (ABVKY) provides cash relief to insured persons during the period of unemployment. The scheme was launched in July 2018, on pilot basis for a period of two years has now been extended for one more year i.e until June 30, 2021.

The Relief under ABVKY shall be paid/ payable by Branch Office to IPs directly in their bank account only.

The eligibility criteria for availing the relief has also been relaxed, as under:

a) The payment of relief has been enhanced to 50% of the average wages from earlier 25% of average wages payable up to a maximum of 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 (IP) can submit the claim directly to the ESIC Branch Office instead of it being forwarded by the last employer and the payment shall be made directly in the bank account of the IP.

d) The IP should have been insurable employment for a minimum period of two years before his/her employment and should have contributed for not less than 78 days in the contribution period immediately preceding to unemployment and minimum 78 days in one of the remaining 3 contribution periods in 2 years prior to unemployment.

 

 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim

Two retired revenue officials among four arrested in land grabbing case in Jammu

Kerala govt to revise manual for junior doctors, house surgeons

State can interfere with religious practices if they impede development, equality rights: SC

Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet

HC directs Delhi govt to appoint ex-officio members to state mental health authority

‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble

Related Articles More

Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim

Two retired revenue officials among four arrested in land grabbing case in Jammu

Kerala govt to revise manual for junior doctors, house surgeons

State can interfere with religious practices if they impede development, equality rights: SC

Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim

Two retired revenue officials among four arrested in land grabbing case in Jammu

Kerala govt to revise manual for junior doctors, house surgeons

State can interfere with religious practices if they impede development, equality rights: SC

Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.