ESIC to raise wage threshold to Rs. 30,000

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Recently, the government under the Atal Bimit Vyakti Kalyan Yojana relaxed Unemployment Scheme norms, so that ESIC will give 50 per cent of average wages for a maximum period of 90 days of unemployment till this calendar year-end as compared to the previous 25%.

In the current corona crisis, the ESIC has decided to raise the wage threshold from Rs. 21,000 to Rs. 30,000 so that employees earning as much as Rs. 30,000 will be able to benefit from it.

Earlier, only employees getting a salary for less than Rs. 21,000 were covered under the ESIC scheme. This decision has been taken to benefit both the people and ESIC. It will give maximum support to more employees during these difficult times. ESIC’s funds have also decreased and thus its fund will also increase with the inclusion of more people.