• It is a welfare measure being implemented by the Employee’s State Insurance (ESI) Corporation.
• It offers cash compensation to insured persons when they are rendered unemployed.
• The Scheme was introduced in 2018.

“PSIR Answer Writing” course visit www.upschacks.com

• In 2020, eligibility criteria for availing the relief were relaxed, as under:
• The payment of relief has been enhanced to 50% of average of wages from earlier 25% of average wages payable upto maximum 90 days of unemployment.
• Instead of the relief becoming payable 90 days after unemployment, it shall become due for payment after 30 days.
• The Insured Person can submit the claim directly to ESIC Branch Office instead of the claim being forwarded by the last employer and the payment shall be made directly in the bank account of IP.
• The Insured Person should have been insurable employment for a minimum period of 2 years before his/her unemployment and should have contributed for not les than 78 days in the contribution period immediately preceding to unemployment and minimum 78 days in one of the remaining 3 contribution periods in 02 years prior to unemployment.