New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    Which of the following option is incorrect about

    “Rajiv Gandhi Shramik Kalyan Yojana”?
    A Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) was introduced by the Employees’ State Insurance Corporation (ESIC) in 2005. Correct Answer Incorrect Answer
    B The scheme provides unemployment allowance to the Insured Person (IP) for a maximum period of 24 months. Correct Answer Incorrect Answer
    C The eligible reasons for receiving this allowance include being laid off due to retrenchment (according to the Industrial Disputes Act, 1947), and the closure of the company or establishment (as defined by the Industrial Disputes Act, 1947). Correct Answer Incorrect Answer
    D The unemployment allowance is 50 per cent of the average daily wages drawn by the IP for 24 months. Correct Answer Incorrect Answer

    Solution

    Explanation: Rajiv Gandhi Shramik Kalyan Yojana Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) was introduced by the Employees’ State Insurance Corporation (ESIC) w.e.f. 01.04.2005. The scheme provides unemployment allowance to the Insured Person (IP) for a maximum period of 24 months in case he/she becomes unemployed involuntarily due to retrenchment as defined under the Industrial Disputes Act, 1947; closure of the factory/ establishment as defined under the Industrial Disputes Act, 1947 and permanent invalidity of not less than 40% arising out of non-employment injury. Eligibility conditions under the scheme are as under:

    • The IP should be in service for a minimum of two years.
    • Daily rate of unemployment allowance is 50 per cent of the average daily wages drawn by the IP for the first twelve months and 25 per cent for the last 12 months.

    Practice Next

    Relevant for Exams: