Atal Beemit Vyakti Kalyan Yojana (ABVKY): A Financial Support Scheme for Insured Workers

The Atal Beemit Vyakti Kalyan Yojana (ABVKY) is a social security scheme introduced by the Employees’ State Insurance Corporation (ESIC) to provide financial assistance to workers who lose their jobs involuntarily. This scheme is a crucial support system for employees covered under the Employees’ State Insurance (ESI) scheme, offering them temporary relief during periods of unemployment due to various reasons like retrenchment or closure of establishments.

This unique scheme aims to empower workers by providing them with a safety net, ensuring they can sustain themselves while searching for new job opportunities.

Key Features of Atal Beemit Vyakti Kalyan Yojana:

1. Financial Assistance: The scheme offers financial assistance to unemployed insured workers for a maximum period of 24 months.
2. Eligibility: It is available to all ESI-covered employees who lose their jobs involuntarily.
3. Unemployment Relief: The scheme offers 50% of the average daily wages of the last 2 years, payable for up to 90 days.
4. Direct Benefit Transfer (DBT): The relief amount is directly credited to the bank account of the eligible workers through DBT.
5. No Need to Repay: The financial assistance provided under the scheme is non-refundable.

Eligibility Criteria for ABVKY:

• The worker must be an insured person under the Employees’ State Insurance Act, 1948.
• The worker must have been employed for at least 2 years before the job loss.
• They must have contributed to the ESI scheme for at least 78 days in each of the four preceding contribution periods.
• The job loss should be involuntary, and the worker should be unemployed for more than 30 days.

Top 10 FAQs with Answers

1. What is Atal Beemit Vyakti Kalyan Yojana?
   Answer: ABVKY is a scheme that provides financial assistance to insured workers who lose their jobs involuntarily.
2. Who is eligible for this scheme?
   Answer: Any employee covered under the ESI scheme who has lost their job involuntarily and has contributed to the ESI fund for at least 2 years is eligible.
3. How much financial relief is provided?
   Answer: The scheme provides 50% of the average daily wages of the last 2 years for up to 90 days.
4. Can I apply for this scheme more than once?
   Answer: Yes, a worker can apply for relief multiple times, but the total benefit cannot exceed 24 months in their lifetime.
5. How do I apply for the scheme?
   Answer: You can apply through the ESIC website by filling out the prescribed form and submitting the necessary documents.
6. Is there a minimum employment period required to be eligible?
   Answer: Yes, the worker must have been employed and contributing to ESI for at least 2 years before becoming unemployed.
7. Will I have to repay the financial assistance?
   Answer: No, the financial assistance provided under ABVKY is non-repayable.
8. Can I apply for ABVKY while receiving other unemployment benefits?
   Answer: Yes, but the total relief received from different sources should not exceed the prescribed limit under ESI guidelines.
9. What is the process for receiving the benefit?
   Answer: The benefit is credited directly to the bank account of the applicant through DBT.
10. For how long can I receive the benefits?
    Answer: Benefits can be availed for a maximum of 90 days in one stretch, and up to 24 months over the worker’s lifetime.

Step-by-Step Guide to Apply for Atal Beemit Vyakti Kalyan Yojana

1. Check Eligibility: Ensure that you meet the eligibility criteria, such as being an ESI-covered employee and having lost your job involuntarily.
2. Gather Required Documents:

• Aadhar Card
• ESIC Insurance Number
• Bank Account details (with proof)
• Proof of unemployment

1. Visit the ESIC Portal:

• Go to the official ESIC website: https://www.esic.in

1. Download the Claim Form:

• Download Form AB-1 (Atal Beemit Vyakti Kalyan Yojana Claim Form).

1. Fill Out the Application Form:

• Complete the form with details such as your ESI number, date of unemployment, and bank account information.

1. Submit the Application:

• Submit the filled form to your nearest ESIC branch office along with the necessary documents.

1. Verification Process:

• ESIC officials will verify the details and documents provided. Upon successful verification, the claim will be processed.

1. Receive Benefit:

• The financial assistance will be directly transferred to your bank account via Direct Benefit Transfer (DBT).

1. Track Your Application:

• You can track the status of your application online through the ESIC portal.

1. Reapply if Needed:
   • If eligible, you can reapply for the scheme after 90 days for further unemployment relief.

Description

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Disclaimer

All information provided is sourced from the internet. Please conduct thorough research and verify details independently before applying for any scheme. We do not assume responsibility for any issues or the inability to obtain scheme benefits, as the eligibility and availability of these schemes may vary.

Useful Government Links for ABVKY

1. ESIC Official Website:
   https://www.esic.in
2. Atal Beemit Vyakti Kalyan Yojana Details on ESIC Portal:
   https://www.esic.nic.in
3. Ministry of Labour and Employment:
   https://labour.gov.in
4. ESIC Online Services:
   https://www.esicservices.gov.in
5. India Government Schemes Portal:
   https://www.india.gov.in/spotlight/atal-beemit-vyakti-kalyan-yojana

These links can help users get more information about the Atal Beemit Vyakti Kalyan Yojana and apply for the scheme.