Atal Beemit Vyakti Kalyan Yojana: A Lifeline for Insured Workers

Atal Beemit Vyakti Kalyan Yojana: Are you worried about making ends meet if you lose your job? The Atal Beemit Vyakti Kalyan Yojana (ABVKY) might be just the safety net you need. This helpful scheme provides financial support to insured workers during periods of unemployment. Let’s dive into the details of this important program and see how it can benefit you.

What is the Atal Beemit Vyakti Kalyan Yojana?

The Atal Beemit Vyakti Kalyan Yojana is a groundbreaking initiative launched by the Employees’ State Insurance Corporation (ESIC) to support workers during tough times. Introduced on July 1, 2018, as a two-year pilot project, this scheme aims to provide a financial cushion to insured persons who find themselves without a job.

Think of it as a helping hand when you need it most. The ABVKY offers cash relief to eligible workers, helping them stay afloat while they search for new employment opportunities. It’s like having a friend who’s got your back during a rough patch.

ABVKY: A Quick Overview

Before we get into the nitty-gritty, let’s take a look at the key features of this scheme:

Who Can Benefit from ABVKY?

Now, you might be wondering if you’re eligible for this scheme. Well, here’s the scoop:

1. You must be an Insured Person (IP) under the ESI Act.
2. You should have been in insurable employment for at least two years before becoming unemployed.
3. You need to have contributed for at least 78 days in each of the last three contribution periods.
4. Your unemployment should not be due to misconduct, retirement, or voluntary resignation.
5. Your Aadhaar and bank account should be linked to your insured person database.

Remember, if you’re covered under the ESI Act, you’re automatically entitled to this scheme. No separate registration needed!

How Much Support Can You Get?

Let’s talk money. The ABVKY provides cash relief equal to 50% of your average daily earnings during your last job. This support can last for up to 90 days of unemployment. It’s important to note that this is a once-in-a-lifetime benefit, so use it wisely!

But wait, there’s more! While you’re receiving this relief, you’re still eligible for medical benefits under the ESI Act. So, you don’t have to worry about healthcare costs while you’re between jobs.

Applying for ABVKY: A Step-by-Step Guide

Ready to apply? Here’s how you can do it:

1. Visit the ESIC website at https://esic.gov.in/
2. Go to Services > Employees > IP Portal > Select Insured Person > Sign Up
3. New users need to sign up with their Insurance Number, Date of Birth, and Mobile Number
4. Log in with your credentials and select the ABVKY scheme
5. Fill in all required details, including your bank information
6. Download and fill out the AB-1 Form
7. Upload the completed AB-1 Form and your Aadhaar Card
8. Submit your application
9. Print out the claim form and employer letter generated by the system
10. Submit the signed claim (in affidavit form) along with the employer’s forwarding to your designated ESIC Branch Office

Don’t forget to keep these documents handy:

• Aadhaar card
• Bank passbook or cancelled cheque
• Insurance details
• Address proof
• Employer details
• An affidavit
• Salary slips for the last two months
• Your attendance sheet

When Does the Relief Kick In?

Good news! You don’t have to wait long for help. Your claim becomes due 30 days after the date of unemployment. This is an improvement from the earlier 90-day waiting period.

Important Things to Keep in Mind

While ABVKY is a great support system, there are a few things you should know:

1. If you’re working for multiple employers, you’ll only be considered unemployed if you lose all your jobs.
2. You can’t receive this relief along with other cash compensations under the ESI Act for the same period.
3. If you find a new job while receiving ABVKY benefits, the relief will stop.
4. The scheme doesn’t apply during lockouts or illegal strikes.

Wrapping Up: Your Safety Net in Uncertain Times

The Atal Beemit Vyakti Kalyan Yojana is more than just a scheme – it’s a lifeline for workers facing unemployment. By providing financial support during tough times, it helps you stay on your feet while you look for new opportunities.

Remember, this scheme is your right as an insured worker. If you find yourself without a job, don’t hesitate to apply. The process is straightforward, and the benefits can make a real difference in your life.

Have you ever benefited from ABVKY or know someone who has? Share your experiences in the comments below. Let’s spread the word about this helpful scheme and support each other through challenging times!

Frequently Asked Questions

What is the “ABVKY” Scheme?

ABVKY stands for Atal Beemit Vyakti Kalyan Yojana. It’s a scheme introduced by the Employees’ State Insurance Corporation to provide financial support to insured workers who become unemployed.

Which is the implementing agency of this scheme?

The Employees’ State Insurance Corporation (ESIC) is the implementing agency for the ABVKY scheme.

What are the eligibility criteria to apply under the scheme?

To be eligible, you must be an Insured Person under the ESI Act, have been in insurable employment for at least two years, and have contributed for at least 78 days in each of the last three contribution periods. Your unemployment should not be due to misconduct, retirement, or voluntary resignation.