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ESIC Extended ABVKY scheme by one year i.e. up to June 2021

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ESIC-extends-ABVKY-scheme-up-to-June-2021The Employees State Insurance Corporation (ESIC) has extended the “Atal Beemit Vyakti Kalyan Yojana (ABVKY)” by another one year i.e. from 1st July, 2020 to 30th June, 2021 amid COVID-19. It has also relaxed the eligibility conditions for the period between March 24, 2020 and December 31, 2020.

  • The rate of unemployment relief under the scheme has also been enhanced to 50% of wages from earlier rate of 25%.

Eligibility:

–The insured person should have been in employment for a minimum of two years before his/ her unemployment.

–He/She should have contributed for not less than 78 days in the contribution period immediately preceding to unemployment and minimum of 78 days in one of the three contribution periods in two years before losing the job.

–Claim shall be due 30 days after the date of unemployment.

About Atal Beemit Vyakti Kalyan Yojana (ABVKY):

It is a welfare measure for employees covered under Section 2(9) of ESI Act, 1948, in the form of relief payment upto 90 days, once in a lifetime.  The Scheme was introduced w.e.f. 01-07-2018 on pilot basis for a period of two years initially. Now, it has been extended by 1 year.

Recent Related News:

i.On 11th October 2020, Prime Minister Narendra Modi launched a physical distribution of property cards, a legal document of owning their houses under the Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas(SVAMITVA) scheme over a virtual platform.

ii.On the occasion of 151st birth anniversary of Mahatma Gandhi i.e. On October 2, 2020, the Coal Mines Provident Fund Organisation (CMPFO) launched the information technology (IT) project Superior New-generation Information and Data Handling Initiative (SUNIDHI) to digitise its entire provident fund and pension related activities.

About Employees State Insurance Corporation (ESIC):
Parent Ministry– Ministry of Labour & Employment
Director General– Anuradha Prasad
Headquarter– New Delhi