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Atal Bimit Vyakti Kalyan Yojna- PIB news

Topics covered:

  1. Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes.


Atal Bimit Vyakti Kalyan Yojna- PIB news


What to study?

For Prelims and Mains: Key features and significance of the programme.


About Atal Bimit Vyakti Kalyan Yojna:

The Employee’s State Insurance (ESI) has approved this scheme for Insured Persons (IP) covered under the Employees’ State Insurance Act, 1948.

Aim: It aims to financially support those who lost their jobs or rendered jobless for whatsoever reasons due to changing employment pattern.

Its beneficiaries will be insured persons covered under Employees’ State Insurance Act, 1948 for period of two years continuously.


Key features:

Cash assistance: Under the scheme, relief will be payable in cash directly to bank account of insured persons in case of unemployment. This financial assistance will be given to insured persons even while they search for new engagement. Beneficiary insured workers will be paid money, from their own contribution towards ESI scheme, in cash through bank account transfer.

Under this scheme, workers will be able to draw 47% of their total contributions towards ESIC after remaining unemployed for at least three months from date of leaving their previous jobs. They can choose to receive the cash at one go or in instalments. It will be applicable to all factories and establishments employing at least 10 workers.


The eligibility conditions and other features of the scheme are as under:

  1. The Insured Person should have been rendered unemployed during the period the relief is claimed.
  2. The Insured Person should have been in insurable employment for a minimum period of two years.
  3. The Insured Person should have contributed not less than 78 days during each of the preceding four contribution periods.
  4. The contribution in respect of him should have been paid or payable by the employer.
  5. The contingency of the unemployment should not have been as a result of any punishment for misconduct or superannuation or voluntary retirement.
  6. In case the IP is working for more than one employers and is covered under the ESI scheme he will be considered unemployed only in case he is rendered unemployed with all employers.


About ESI:

ESI is self-financing social security and health insurance scheme for Indian workers.

It is autonomous corporation by statutory creation under Ministry of Labour and Employment, Government of India.

It is managed by Employees’ State Insurance Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948.