The Atal Beemit Vyakti Kalyan Yojana, an unemployment scheme under the Employees’ State Insurance Corporation, has been extended for an additional two years, continuing until June 30, 2024. This marks the scheme’s third extension, with previous extensions granted in both 2020 and 2021. The scheme was initially introduced on a pilot basis in 2018, intended to run for two years. However, due to the outbreak of COVID and the ensuing lockdown, the government extended the unemployment scheme beyond its initial duration. This scheme serves as a welfare initiative for employees falling under the ESI Act, 1948, offering them relief payments in the event of unemployment.
