Big Relief For Those Unemployed And Looking For A Job As Government Launches  Atal Bimit Vyakti Kalyan YojnaLabour Ministry (Priyanka Parashar/Mint via Getty Images)

An estimated 3.2 crore persons covered under the Employees’ State Insurance Act, 1948 are expected to benefit from the newly launched Atal Bimit Vyakti Kalyan Yojana (ABVKY).

The ABVKY has been framed as a relief for unemployed persons with cash being directly paid into the beneficiaries account as he/she looks for new employment. It is expected that the benefit to be granted under the ABVKY would be 25 per cent of the concerned person’s earnings over 90 days.

The Minister of Labour and Employment expounded on the efforts made by the government in securing better life conditions for the organised and unorganised sector workers.

While six crore workers in the organised sector are expected to be benefiting from various social sector schemes, the Minister stated that almost one crore workers had been linked with ESIC benefits while another another one crore workers had been brought under the ambit of EPFO, all within a period of 2 years.

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