Atal Beemit Vyakti Kalyan Yojana (ABVKY)

Atal Beemit Vyakti Kalyan Yojana Latest News

The Employees’ State Insurance Corporation (ESIC) recently approved extension of the Atal Beemit Vyakti Kalyan Yojana (ABVKY) from 01.07.2026 to 30.06.2027.

About Atal Beemit Vyakti Kalyan Yojana 

• It is an unemployment relief scheme for workers covered under the Employees’ State Insurance (ESI) Act.
• It was introduced on July 1, 2018.  It is being implemented by the Employees’ State Insurance Corporation (ESIC).  
• It provides temporary financial assistance to insured employees who lose their jobs, helping them meet expenses while searching for fresh employment. 
• Benefits: The scheme provides relief to the extent of 50% of the average daily earnings during the previous four contribution periods (total earnings during the four contribution periods/730) to be paid up to a maximum of 90 days of unemployment once in the Insured Person’s lifetime.
• The Eligibility Criteria to Avail Benefit under the ABVKY is as under:
  • The employees must be covered under Section 2(9) of the ESI Act of 1948;
  • During the period of the claim for relief, the Insured Person (IP) must be unemployed;
  • The IP must have worked in insurable employment for at least two years.
  • The IP’s contribution should not be less than 78 days during each of the four contribution periods.
  • The contribution in respect of him should have been paid or payable by the employer.
  • The IP’s Aadhar and bank account must be linked.
• Relief under ABVKY shall not be admissible in the following circumstance:
  • During lockout.
  • Strike resorted to by the employees declared illegal by the competent authority.
  • Voluntary abandonment of employment/voluntary retirement/premature retirement.
  • Less than two years of contributory service.
  • On attaining the age of superannuation.
  • Convicted (i.e. punished for a false statement) under the provisions of Section 84 of the ESI Act read with Rule 62 of the ESI (Central) Rule
  • On being re-employed elsewhere during the period he/she is in receipt of relief under ABVKY.
  • Dismissal/termination under disciplinary action.
  • On the death of the IP.
• The claim for relief under ABVKY may be submitted by the claimant any time after rendering unemployed, but not later than one year from the date of unemployment.

News: PIB

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