Labour Ministry is planning to Compensate for 2 Years to those who Lose their Private Jobs.

Labour Ministry is planning to Compensate for 2 Years to those who Lose their Private Jobs.

The private sector employees will no more have to be worried if they lose their jobs or rendered jobless for whatsoever reasons. The Employee’s State Insurance Corporation (ESIC) has announced to help workers in such a condition under the ‘Atal Bimit Vyakti Kalyan Yojna’. The ESIC  will now provide unemployment allowance to such employees for a period of two years. 

The ESIC made the announcement in this regard in a tweet on Sunday. The ESIC tweeted, quitting job does not mean loss of income. ESIC pays monthly cash amount for a period of 24 months in case of permanent disability due to involuntary loss of employment or non-employment injury. They process this activity in order to ensure the financial stability of such employees during times of crisis.

The ‘Atal Bimit Vyakti Kalyan Yojna’ provides benefits to Insured Persons in case they get unemployed for sometime and search for new job. The cash benefits given to the unemployed persons searching for new employment is 25 per cent of his or her average earning of 90 days. Under it, relief will be payable in cash directly to bank account of insured persons. 

The guidelines say that the Insured Person should have been rendered unemployed during the period the relief is claimed and that he/she should have been in insurable employment for a minimum period of two years.

The Insured Person should have also 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.

Any person insured with ESIC who is expelled from the company for any reason or if any type of criminal case is filed against that person, then he or she will not get the benefit of the scheme. Apart from this, those who take voluntary retirement (VRS) will also not be benefitted.

If an individual successfully satisfies all the guidelines, then they must link their Aadhaar Card Number with the IP Data Base. Then, a form has to be filled and submitted.

Significantly, a person can take advantage of this scheme only once.

Even though the procedure sounds very easy, there are still people struggling to get their share even after fulfilling all the guidelines.

Policies are being made and aired in the outer world but the flaw in successfully processing them always remains constant. The gap between what’s claimed and what’s actually delivered has never stopped widening.

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