In Case of Job Loss, Private Sector Employees Can Now Receive Financial Support For 2 Years

There is good news for all private sector employees, especially for the ones who lose their jobs. The Employee's State Insurance Corporation (ESIC) has announced to help private sector employees who are rendered jobless. 

Under the scheme the 'Atal Bimit Vyakti Kalyan Yojna'- the ESIC will provide allowance or financial support to such employees for two years. 

The ESIC took to social media and made this announcement; stating that quitting job does not mean loss of income. ESIC will now pay monthly cash amount for a period of 24 months. 

According to OneIndia report, the amount given to the unemployed persons searching for new employment is 25 percent of his or her average earning of 90 days. 

Below is the procedure as how to avail this?

-You can download the form by visiting the website of ESIC. You can also submit the form to any branch of ESIC. 

-Along with form, a non-judicial paper of Rs 20 will have to be affixed to the notary. 

-For more information, you can visit the official website ( www.esic.nic.in ).