Govt announces financial assistance for those who Lost job due to COVID-19 (Atal Bimit Vyakti Kalyan Yojana)

The government has decided to relax the existing conditions and the amount of relief for workers who have lost employment during the COVID-19 pandemic period.
The relaxation in following eligibility conditions for availing relief under the scheme during the period 24.03.2020 to 31.12.2020 as under: –

1. The Insured Person should have been in insurable employment for a minimum period of two years immediately before his/ her unemployment and should have contributed for not less than 78 days in the contribution period immediately preceding the unemployment and minimum 78 days in one of the remaining three contribution periods in two years prior to unemployment.

2. Claim shall be due 30 days after date of unemployment.

3. The claim for relief may be submitted by an IP online in the prescribed claim form duly completed, directly to the Branch office. The payment shall be made in the bank account of the IP within 15 days from the receipt of the duly completed claim. Aadhaar shall be used for identification of the Insured Person.

4. Relief to the extent of 50 % of the average per day earning during the previous four contribution periods to be paid up to maximum 90 days of unemployment.

The above relaxed eligibility conditions will be applicable for the period 24.03.2020 to 31.12.2020 only. The other conditions as specified in the original Atal Beemit Vyakti Kalyan Yojana as notified on 04.02.2019 will remain the same.

The Scheme Atal Beemit Vyakti Kalyan Yojana will be available with original eligibility conditions for the IPs who became unemployed on or before 23.03.2020 and on or after 01.01.2021.

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