GoI: Benefits to COVID-19 affected workers under Atal Beema Vyakti Kalyan Yojana

On March 19, 2020, the Government of India announced that it will provide unemployment benefits to the section of unorganized workers. These workers include, persons who have lost their jobs due to the impact of the Corona Virus Pandemic.

Highlights

Along the lines of countries like USA in combating the deadly Corona Virus, GoI is to provide cash to workers. These workers are those that become unemployed due to the impact of corona virus. They are to receive cash for 3 months.

This step is to be implemented by Atal Beema Vyakti Kalyan Yojana.

Atal Beema Vyakti Kalyan Yojana

The scheme provides unemployment insurance to those workers enrolled in EST scheme. ESI is Employee State Insurance Scheme. Under the scheme, the workers receive cash of 25% of their salary that they were receiving in the last 2 months. The scheme is operation since 2018. It provides compensation to those who become unemployed for three months.

Month: Current Affairs - March, 2020