The Atal Bimit Vakti Kalyan Scheme (ABVKY) was launched by the central government in 2018 for the unemployed workers in the organized sector. The project deadline ended June 30, but now the government has increased it to June 30, 2022. This means that the project’s profitability can now take another year. This information was provided by the Ministry of Labor and Employment.
What is the plan This is the Employee State Insurance Corporation (ESIC) Welfare Scheme. Under this, the government will give the unemployed insured person a maximum of 90 days, ie 3 months. This is a kind of unemployment allowance. 50 percent of the employee’s average earnings are paid as cash compensation.
Claim within 30 days: Its claim will be accepted within 30 days of leaving the job. The benefit of the plan is also available to insured employees who lost their jobs during the corona period. However, people who are dismissed from the company for bad behavior will not benefit from the project. Furthermore, even employees who have been sued by a criminal or taken by VRS cannot take advantage of the scheme.
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According to data provided by the Ministry of Labor and Employment, as of July 9, 2021, 55,125 people had claimed and a total of Rs 73.23 crore.
