Unemployed? Get Financial Help Directly From The Govt – Know The Atal Beemit Yojana Details

The Atal Beemit Vyakti Kalyan Yojana is a government-backed initiative aimed at providing financial relief to workers who lose their jobs unexpectedly. Launched in July 2018 and managed by the Employees’ State Insurance Corporation (ESIC), the scheme offers temporary income support to eligible insured employees, helping them manage expenses while they search for new employment opportunities.

Overview

To understand the scheme’s framework at a glance, here’s a snapshot of its most important details. The table below covers its launch, administration, benefits, eligibility, and payment mode.

What Are The Benefits Of Atal Beemit Vyakti Kalyan Yojana?

The scheme offers crucial benefits to workers facing unemployment. It ensures financial aid in the form of cash relief and continued access to medical services during the relief period. The key benefits of ABVKY are as follows:

• Cash Relief: 50% of the average daily wage for up to 90 days (once in a lifetime).

• Medical Coverage: ESI Act medical coverage extends through the period of relief benefits.

Other Conditions For The Administration Of The Scheme

The scheme has additional provisions to prevent misuse and ensure effective implementation. These conditions apply to individuals with multiple employers or those claiming other benefits. The conditions are as follows:

• Bonuses under this scheme reach workers whose employment status includes all organisations where they work.

• The benefit recipient cannot collect funds through competing income assistance programmes.

• People who receive Permanent Disability Benefits through periodical payments receive their payments as usual during relief times.

Application Process For The Atal Beemit Vyakti Kalyan Yojana

Applying for ABVKY is straightforward, and most steps can be completed online. The following process explains how eligible individuals can apply:

Step 1: Visit the official ESIC website.

Step 2: Use your insurance information to create an account, which requires your birthday and mobile contact number.

Step 3: Complete the form by entering your bank details and receive a copy of the AB-1 Form.

Step 4: To submit your application, you need to upload the necessary documents, including the AB-1 Form, alongside your Aadhaar details and additional supporting paperwork in scanned form.

Step 5: Complete the submission of the application, followed by printing the claim form.

Step 6: Both the signed claim form and the forwarded letter need to be submitted to an ESIC Branch Office.

Mode Of Payment

The relief amount under ABVKY is directly transferred to the insured person’s bank account. In the event of the IP’s death, the amount is paid to their nominee or legal heir via cheque. Applicants must ensure their bank account details are updated in the ESIC database for a smooth payment process.