Atal Bimit Vyakti Kalyan Yojana
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Atal Beemit Vyakti Kalyan Yojana extended for 2 years: cash compensation for unemployed people

The government has extended the unemployment insurance Atal Beemit Vyakti Kalyan Yojana under the Government Employees Insurance Corporation by two years till June 30, 2024.

“It has been decided to extend the Atal Beemit Vyakti Kalyan Yojana for the period 01.07.2022 to 30.06.2024 with the relaxed eligibility conditions and enhanced rate of relief,” the ministry of labour and employment said in a gazette notification.

What is Atal Bimit Vyakti Kalyan Yojana

Atal Bimit Vyakti Kalyan Yojana 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 w.e.f. 01-07-2018. The scheme is implemented on pilot basis for a period of two years initially. The scheme has been extended upto 20 June 2021.

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