There was a full month lockdown in April and as a result 121 million people or 12.1 million people have lost their jobs. However its recovery started in May and June and so far 9.1 crore people have got employment.
The Union Labor Ministry is considering giving huge relief to the unemployed. According to the new proposal, employees attached to ESIC will be given an allowance for 6 months in the event of unemployment. This allowance will be equal to 50% of the last salary. Currently, in case of unemployment, an allowance is given equal to 25% of the last salary. Apart from this, the period of allowance is also just three months. Not only this, according to the current rule, this scheme can be availed only once, but now this limit will also be removed. According to the Economic Times report, this proposal will be introduced in the meeting of the members of the Employees’ State Insurance Corporation (ESIC) on 20 August. If this proposal is approved, then 3.2 crore subscribers of ESIC will benefit.
The idea of bringing such a proposal was given by the PMO. In fact, due to large scale loss of jobs in the Corona era, the government wants to give concession in this scheme so that maximum number of people can get benefits. On the lines of unemployment allowance being received in countries like America, Canada, the government wants to benefit millions of people who lost jobs through this scheme. An official said that this proposal was presented before the PMO last week. It will now be put up for approval at the ESIC meeting.
Also Read: Corona Effect: Salary of employees will not increase this year, layoffs in these sectors
The government has recognized that large-scale small and medium-scale employees have lost jobs due to the Corona lockdown. According to data from CMIE, there was a full month lockdown in April and this has resulted in 121 million people or 12.1 million people losing their jobs. However its recovery started in May and June and so far 9.1 crore people have got employment. Yet 30 million people are still facing unemployment, who had some work before the Corona era.
Unemployed employees will get these benefits: According to the proposal, the limit of unemployment allowance will be equal to 50 per cent of the last salary and will help for a period of 6 months. Till now to take advantage of this scheme, it was necessary that the employee had worked for two years, but now it will be just 78 days.
