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Unemployment allowance
Why is it in news?
- The central government has relaxed the eligibility criteria to avail the unemployment allowance under the Employees’ State Insurance Corporation (ESIC).
- Centre announced that workers can directly claim 50 per cent of the average wage as against 25 per cent earlier.
- The wages would be payable up to 90 days of joblessness, for their loss of employment between March 24 and December 31 in the wake of the COVID-19 pandemic.
Details:
- The benefits would be payable 30 days after unemployment as against 90 days earlier.
- The Atal Bimit Vyakti Kalyan Yojana, which is run by ESIC and provides for the unemployment allowance, has been extended by one more year to June 30, 2021.
- The scheme will be available with original eligibility conditions during January 1, 2021 to June 30, 2021.
- The Insured Person should have been in insurable employment for a minimum period of 2 years before his/her employment.
- The person should have contributed not less than 78 days in the contribution period immediately preceding to unemployment.