Which from following unemployment scheme was extended by the government of India for a period of two years from July 2022 to June 2024?

Key Points

• Atal Beemit Vyakti Kalyan Yojana was extended by the Government of India for a period of two years from July 2022 to June 2024.
• This scheme is aimed at providing financial assistance to unemployed individuals who have lost their jobs due to various reasons.
• The scheme is implemented by the Employees' State Insurance Corporation (ESIC) and provides relief to workers covered under the ESI scheme.
• Under this scheme, eligible unemployed individuals receive a cash benefit for up to 90 days during their unemployment period.

Additional Information

• The Atal Beemit Vyakti Kalyan Yojana was initially introduced in 2018 as a pilot scheme for two years.
• The scheme was extended for the first time from July 2020 to June 2022 before the latest extension.
• To avail the benefits, the unemployed individual must have been in insurable employment for a minimum of two years.
• The individual must have contributed to the ESI scheme for at least 78 days in each of the four contribution periods immediately preceding the unemployment.
• This scheme is part of the government’s efforts to provide social security to workers in the organized sector.
• The financial assistance provided under the scheme is equivalent to 50% of the average daily earnings of the individual.