ESI Corporation (ESIC) has launched the Atal Bimati Vyakti Welfare Scheme for the Insured Persons (IPs) covered under the Employees’ State Insurance Act. 1948. Under this ABVKY scheme, ESIC will provide cash directly to the employees in their bank accounts in the event of unemployment. This financial support will be given to employees even when they discover new engagement. Complete instructions like eligibility criteria, application form will be issued separately.
Now employers will encourage Aadhaar (UID) seeding in the ESIC database of their workers and their family members. De-duplication should be avoided to transfer Aadhaar seedings directly to the bank account of the employees.
ESIC Atal Bimit Vyakti Kalyan Yojana Highlights
| Name | Atal Bimit Vyakti Kalyan Yojana |
| Target group | Formal workers under ESIC who have become unemployed |
| Main objective | Provide financial assistance to subscribers of ESIC who have lost their jobs |
| Announced by | Ministry of Labor and Employment |
| Mode of financial help | Cash will be transferred through bank transfer |
Salient features of the scheme
- Main objective of the scheme – As per the rules of the scheme, financial assistance will be given to any insured person being unemployed under ESIC.
- The target group of the scheme – the insured persons under the Employees State Insurance Corporation who became unemployed. The unemployed will be insured for two years.
- Allocation of funds for the scheme – The benefit of the scheme will be paid directly to the linked bank account of the beneficiary. Even if the person is searching for new jobs, he will get money. However, money will be paid to the insured from cash deposits made under ESIC.
- Amount for Workers- As per the scheme, the workers will get 47% of the total cash deposited under ESIC. Also, the person will be paid money only if he is presented as unemployed for at least three months.
However, the unemployed person may choose to receive cash in one installment or all at once. This will be given to establishments and factors that have a minimum of 10 workers.
Atal Bimit Vyakti Kalyan Yojana Online Application Form
To avail the Atal Bimati Vyakti Kalyan Yojana, you have to first go to the website of ESIC and then download a form. After that you have to fill the form and then submit it to any branch of ESIC. With the form you will get Rs. A non-judicial stamp paper has to be attached. 20 with a notarial affidavit. In which form from AB-1 to AB-4 has to be submitted. An online feature has been launched for this. You can also visit the website www.esic.nic.in for more information.
Now all the insured people covered under the Employees State Insurance Act, 1948 can avail the Atal Bimati Vyakti Kalyan Yojana (ABVKY). Now, ESIC will provide financial assistance to people if employees leave their jobs and are looking for a new one. The relief amount will be deposited directly into their bank accounts.
Atal Bima Yojana Kalyan Yojana by ESI Corporation (ESIC)
The 175th meeting of ESI Corporation which was held in New Delhi on 18 September 2018 under the chairmanship of Sh. Santosh Gangwar (Minister of State for Labor and Employment), ESIC has taken very important decisions to improve the services and benefits provided to the insured and their dependents.
Who will not get the benefit of Atal Bimit Vyakti Kalyan Yojana
Any person who is insured with ESCI and who is discharged from the company for any reason or a criminal case is filed against that person, will not get the benefit of this scheme. Also, those who have taken voluntary retirement (VRS) will also not get the benefit of this scheme.
Base seeding
ESI Corporation also approves the proposal for reimbursement of Rs. 10 / – per person to employers. This will encourage and increase Aadhaar seeding of workers and their family members in the ESIC database. This would restrict multiple registrations of the same insured and thus enable them to receive plan benefits, which would require more contributory conditions.
Increase in the amount of funeral expenses of insured employees
ESI Corporation raised funeral expenses to Rs. 15,000. Previously, all the insured employees were entitled to get Rs. 10,000 as funeral expenses. Now the cost of funeral has been raised from the existing Rs. 10,000 to Rs. 15,000 is being paid on the death of the insured.
Eligibility conditions are exempted for availing super specialty treatment
- Previously, 2 years of insurable employment was required to avail super specialty treatment. It has now been reduced to 6 months with a contribution requirement of only 78 days.
- The eligibility to avail super specialty treatment for the dependents of the insured has also been relaxed to 1 year insurable employment with a contribution of 156 days.
Procedure to apply for Atal Bimati Vyakti Kalyan Yojana
- Open the official website of the Employees State Insurance Corporation, Ministry of Labor and Employment, Government of India
- Then you have to download the application form by clicking on the appropriate link.
- Fill the application form with all the necessary information asked in the form
- Submit the application form to the nearest ESIC office
- Along with this application, a non-judicial paper of Rs 20 has to be affixed to the notary, in which AB-1 to AB-4 will also be submitted.
Precautions under ABVKY
- If an insured person is found guilty in the case and any type of criminal case is filed against that person, he will be excluded from the benefits of ESIC.
- An employee who takes voluntary retirement will also be excluded from the scheme.
- A person can avail the scheme only once in his life.
The new revised provisions will help the insured persons and their beneficiaries as per the revised eligibility for super specialty treatment absolutely free of cost.