In order to provide maximum relief during this pandemic situation, the Indian Government is planning to increase the wage ceiling for ESIC coverage to INR.30,000/- from existing wage ceiling for coverage under the Employees’ State Insurance Corporation Act INR.21,000/- Month.
"The Ministry of Labor & Employment" is preparing the proposal for this revised wage ceiling to Finance Ministry. This will enable majority of the workforce and their family members to get benefits under Employees State Insurance Corporation (ESIC).
All the benefits including unemployment financial assistance will remains same. If this new proposal is accepted by ESIC Board and Central Ministry, this will add millions of workers under ESIC Scheme to enjoy the benefit with minimum monthly contribution of 0.75% from their earned gross wage however employers need to contribute 3.25%, which will load additional financial burden to the employers.
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