Atal Bimit Vyakti Kalyan Yojana - 8th August 2022 

Atal Bimit Vyakti Kalyan Yojana - 8th August 2022 

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• August 10 07:29:40, 2022

Atal Bimit Vyakti Kalyan Yojana

Posted Date :   8^th August 2022  Relating to which  Act: Employees’ State Insurance (ESI) Act, 1948   Type:     This information was given by Shri Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment in a written reply to a question in the Rajya Sabha  Pertains to  employers and employees  Relevance of this news:   Karma Management Global Consulting Solutions Pvt. Ltd has been in the business of  Payroll, Outsourcing, and Regulatory Compliances from its inception in 2004 and since then,  has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing On-boarding, Regulatory and Payroll compliances by providing customized solutions to all its elite clients. Karma Global has been handling PF and ESI-related compliances of hundreds of clients and  It churns out thousands of employees data on its internal payroll software for its clients while its expert staff also work on the EPFO and ESI portals to download relevant data including making payments of contributions as per the regulatory PF Act.  Atal Beemit Vyakti Kalyan Yojana (ABVKY) is a welfare measure for the employees covered under the Employees’ State Insurance (ESI) Act, 1948 in the form of cash compensation up to 90 days once in the lifetime of the worker in the contingency of Insured Persons’ (IPs’) unemployment. Any assistance in this regard, Karma Global immediately takes the initiative of providing service both to its clients as well as insured persons. Subject :   Atal Bimit Vyakti Kalyan Yojana

Government of India - Ministry of Labour & Employment 8^th August 2022,  Delhi

Atal Bimit Vyakti Kalyan Yojana

The ESI Corporation has launched a scheme named ‘Atal Bimit Vyakti Kalyan Yojana’ (ABVKY) which, in case the Insured Person (IP) is rendered unemployed, provides relief to the extent of 25% of the average per day earning during the previous four contribution periods (total earning during the four contribution period/730) to be paid up to maximum 90 days of unemployment once in the lifetime of the IP on submission of claim in form of an Affidavit. The Scheme has been made effective from 01-07-2018. The scheme is implemented on a pilot basis for a period of two years initially. The eligibility conditions and other features of the scheme are as under:-

• The Insured Person should have been rendered unemployed during the period the relief is claimed.
• The Insured Person should have been in insurable employment for a minimum period of two years.
• The Insured Person should have contributed not less than 78 days during each of the preceding four contribution periods.
• The contribution in respect of him should have been paid or payable by the employer.
• The contingency of unemployment should not have been a result of any punishment for misconduct or superannuation or voluntary retirement.
• Aadhar and Bank Accounts of the Insured Person should be linked with the insured person's database.
• In case the IP is working for more than one employer and is covered under the ESI scheme he will be considered unemployed only in case he is rendered unemployed by all employers.
• As specified in Section 65 of the ESI Act, an IP shall not be entitled to any other cash compensation and the Relief under ABVKY simultaneously for the same period. However, periodical payments of Permanent Disability Benefit (PDB) under the ESI Act and Regulations shall continue.
• As specified under Section 61 of the ESI Act, an IP who is in receipt of Relief under ABVKY shall not be entitled to receive any similar benefit admissible under the provisions of any other enactment.
• The IP will be eligible for Medical benefit as provided under the Act for the period he is availing of this relief.
• The claim for Relief under ABVKY may be submitted by the claimant any time after rendering unemployed, but not later than one year from the date of unemployment to the appropriate Branch Office in form of an affidavit in the prescribed Form. No prospective claim i.e. claim for relief under ABVKY for any future period will be allowed.
• The IP will submit his claim online through the ESIC Portal.

The Relief under ABVKY shall be paid/ payable by Branch Office to IPs directly in their bank account only.                          This information was given by Shri Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment in a written reply to a question in Rajya Sabha today.