Job Loss: Don't panic if you lose your job; the government will provide financial support for up to 90 days—find out who is eligible.

Unemployment Benefits: Eligible employees who lose their jobs can receive financial assistance under ESIC’s *Atal Beemit Vyakti Kalyan Yojana* (ABVKY). The government has extended the validity of this scheme until June 30, 2027.

ESIC ABVKY Scheme: If you have suddenly lost your job, a central government scheme can help you overcome this financial hardship instead of causing panic. The Employees' State Insurance Corporation (ESIC) has extended the *Atal Beemit Vyakti Kalyan Yojana* (ABVKY) until June 30, 2027. The primary objective of this scheme is to provide financial aid to eligible insured employees during periods of unemployment, enabling them to meet essential expenses even after losing their jobs.

Although the scheme was originally valid only until June 30, 2026, the government has now decided to extend it for another year. A key feature of this scheme is that you do not need to rely on your company to access this assistance; instead, you can apply directly through an ESIC branch to avail of the benefits.

What is ESIC?

ESIC is distinct from the EPFO.
It provides employees with facilities related to healthcare and social security.
It offers financial assistance for situations such as medical treatment, sickness, maternity, disability, and unemployment.
Major changes in the National Pension System (NPS): These employees stand to benefit and earn higher returns.

What are the benefits of ABVKY?

The *Atal Beemit Vyakti Kalyan Yojana* is designed for employees who have lost their jobs for any reason. To avail of the benefits of this scheme, it is mandatory to be registered with ESIC and to have worked in an insurable job for at least two years.

It provides a cash allowance equivalent to 50% of the average daily wage during the period of unemployment.
This assistance is provided for a maximum of 90 days.