0

0

0

0

0

0

0

0

0

This article is more than 1 year old.

Lost your job? Still possible to get 50% of three month's salary via this scheme

Mini

The government has recently announced the extension of ‘Atal Beemit Vyakti Kalyan Yojana’ under Employees’ State Insurance (ESI) Act till June 30, 2021.

Lost your job? Still possible to get 50% of three month's salary via this scheme
The government has recently announced the extension of ‘Atal Beemit Vyakti Kalyan Yojana’ under Employees’ State Insurance (ESI) Act till June 30, 2021. The government has also notified enhanced payment under this scheme, making way for 50 percent unemployment benefit to the subscribers with relaxed eligibility criteria up till December 31, 2020.
After December 31, 2020, the scheme will be available with original eligibility condition during the period January 1, 2021, to June 30, 2021.
In case the Insured Person (IP) is rendered unemployed, the scheme originally provides relief to the extent of 25 percent 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.
Here are key things to know about 'Atal Beemit Vyakti Kalyan Yojana’:
  • In order to avail the scheme, the insured person should have been rendered unemployed during period the relief is claimed.
  • The IP should have been in insurable employment for a minimum period of two years immediately before his/her unemployment. The insured person should have contributed not less than 78 days during each of the preceding four contribution periods, according to government's notification.
  • The contribution in respect of him/her should have been paid or payable by the employer.
  • The contingency of unemployment should not have been as a result of any punishment for misconduct or super annuation or voluntary retirement.
  • Aadhaar and bank account of the insured person should be linked with insured person data base.
  • The claims can be filed directly by workers.
  • The claim will be due 30 days after the date of unemployment as against 90 days earlier.
  • The claim can be submitted online after which the payment will be made in the bank account of the IP within 15 days from the receipt of the duly completed claim.