With unemployment rate still at 8.3 per cent, the labour ministry has agreed to extend benefits to insured workers without a job by another two years.
The Employees’ State Insurance Corporation has agreed to extend unemployment benefits under the Atal Bheemit Vyakti Kalyan Yojana. This includes a cash compensation for up to 90 days in a lifetime, in case of unemployment. Better medical services will also be ensured for insured workers, by upgrading ESIC hospitals and additional funds will also be provided by the company to North Eastern states.
Also read: Formal job Creation under EPFO falls by 8% in Dec. 2022
In Bihar and Rajasthan, ESIC hospitals will also provide free medical care for the general public. The ESIC has been providing support for employees with insurance, after crores were hit by unemployment during the pandemic.
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