The Employees State Insurance Corporation vide its notification dated 12th January 2022 has decided to relax the eligibility condition of 2 years insurable employment before unemployment and contributory condition of Atal Beemit Vyakti Kalyan Yojana (ABVKY) with effect from 01.07.2021 as under:-
The Insured Person should have been in insurable employment for a minimum period of 12 months immediately before his/her unemployment and should have contributed for not less than 78 days in the one completed contribution period in 12 months immediately preceding to unemployment.
The ABVKY scheme was introduced by the Employees’ State Insurance Corporation (ESIC) on pilot basis for a period of 2 years w.e.f. 01.07.2018 for providing relief to the Insured Persons (IPs) who have become unemployed. However, to provide benefit to the IPs who have become unemployed during COVID-19 pandemic, the scheme was extended till 30th June 2022.
