Modi govt scheme: Unemployed? Get 25% of your average 90-day salary free!

Yes, it is true, you can very much avail this benefit! Atal Bimit Vyakti Kalyan Yojna (ABVKY) is expected to benefit around 3.2 crore insured persons. The newly launched scheme is for insured persons covered under the Employees’ State Insurance Act, 1948. 

The scheme, which was rolled out recently by Union Minister of State for Labour and Employment Santosh Gangwar, provides a relief payable in cash directly to the Bank Account in case of unemployment while the person searches for new engagement. 

Gangwar today said that the cash benefit given to the unemployed persons searching for new employment is 25 per cent of his average earning of 90 days.

The Union minister said this while addressing the 7th National Conference on Security and Safety at Workplace and distribution of Safety Systems Excellence Awards in New Delhi.
 
There are around six crores of workers in organized sector who are getting benefits of EPFO, ESIC and Social Security Schemes. 

"The Union Government has taken many steps to enhance their working conditions, safety, and social security in order to improve their standard of living. The present government is continuously making efforts to improve life conditions of around 40 crore workers of the unorganized sector also," Gangwar said. 

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A Ministry of Labour & Employment release today said that in last two years, around one crore workers have been linked with ESIC benefits and more than one crore have been brought in the fold of EPFO. 

Pradhan Mantri Jeewan Jyoti Beema Yojna and Pradhan Mantri Suraksha Beema Yojna are totally free for unorganized workers.