Lost job in lockdown? You can now claim 50% of your salary under ABVKY. Know eligibility, benefits
A big relaxation for those who lost their job during coronavirus lockdown as the Centre has extended Atal Beemit Vyakti Kalyan Yojana (ABVKY), to ensure that Employees’ State Insurance Corporation-registered workers till June 30, 2021 along with enhanced relaxation and benefits.
The government has also decided to enhance the rate of unemployment relief under the scheme to 50% of wages from an earlier rate of 25% along with relaxation in eligibility criteria up till December 31, 2020.
Under Atal Beemit Vyakti Kalyan Yojana, those who lost their jobs during a pandemic can claim of 50% of their wages for up to three months as unemployment relief even if they have resumed work. ESIC is going to deploy its Rs 44, 000 crore kitty with a formal notification. Earlier, the financial assistance was provided within 90 days of the job loss and it has now been reduced to 30 days.
The ABVKY will be available with original eligibility condition during the period January 1, 2021, to June 30, 2021, after December 31, 2020. The Scheme was introduced w.e.f. 01-07-2018. The scheme is implemented on pilot basis for a period of two years initially.
