ATAL BIMIT VYAKTI KALYAN YOJANA

ATAL BIMIT VYAKTI KALYAN YOJANA

Subject: Govt Schemes

Concept:

• Atal BimitVyaktiKalyanYojana was introduced w.e.f. 1st July 2018.
• Under it, unemployment benefit is paid to the workers covered under the Employees’ State Insurance (ESI) scheme.
• The Employees’ State Insurance Corporation (ESIC) has extended the Atal BimitVyaktiKalyanYojana by one year to 30th June 2021.
• Unemployment benefit is paid in the form of cash compensation upto 90 days, once in a lifetime, to be claimed after three months (90 days) in one or more spells for being rendered unemployed.
• The employee should have completed two years of insurable employment and has contributed not less than 78 days in each of the four consecutive contribution periods immediately preceding to the claim of the relief.
• The benefit does not exceed 25% of the average earning per day.