The Atal Beemit Vyakti Kalyan Yojana (ABVKY) scheme was introduced by the Employees' State Insurance Corporation (ESIC) on pilot basis for a period of 2 years w.e.f. 01.07.2018 for providing relief to the Insured Persons (IPs) who have become unemployed. However, to provide benefit to the IPs who have become unemployed during COVID-19 pandemic, the scheme was extended for another one year i.e. from 1st July, 2020 to 30th June, 2021.
The scheme now provides relief to the extent of 50% of the average per day earning during the last employment. Since its inception till 18.03.2021, a total of 43299 beneficiaries have availed relief under the scheme and an amount of Rs 57.18 crore has been disbursed.
The rate of relief under the extended ABVKY scheme has been enhanced and the eligibility conditions have been relaxed as listed for the IPs who became unemployed from 24.03.2020 onwards.
- The rate of relief has been doubled from 25 per cent to 50 per cent average per day earning of employee.
- The Insured Person should have been in insurable employment for a minimum period of two years immediately before his/ her unemployment and should have contributed for not less than 78 days in the contribution period immediately preceding the unemployment and minimum 78 days in one of the remaining three contribution periods in two years prior to unemployment. Earlier this condition was a minimum contribution of 78 days in four contribution periods prior to unemployment with minimum two years insurable employment.
- Claim shall become due 30 days after date of unemployment. Earlier this period was 90 days.
- The claim of the IP need not be forwarded by the employer. The claim may be submitted by an IP in the prescribed claim form duly completed online or directly to the branch office.
ABVKY Beneficiariesby State/UT till 18.03.2021