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Exclusive: The Indian government is planning unemployment benefits for workers affected by #Covid19 #coronavirus.

business-standard.com/article/econom…
However, the benefits will be passed on to a section of the organised sector (90% of India's workforce is in the unorganised sector).

The government is planning to extend benefits of an existing scheme for workers subscribed to the Employees' State Insurance Corporation.
The government’s ‘Atal Beema Vyakti Kalyan Yojana’, which provides unemployment insurance to workers who have subscribed to the ESI scheme, will cover such workers during the pandemic. The ESI is a self-financing health insurance scheme for formal sector workers in India.
Under the scheme - operational since July 2018 - workers who become unemployed get compensation in the form of cash up to 3 months of unemployment. But this can be availed only once in a lifetime by workers who may now be avail it during the pandemic too.
Workers get cash to the tune of 25% of the average salary that they were getting in the last 2 years of their job under this scheme. However, an important condition for workers to get the unemployment benefit is that they should have been a subscriber of the ESIC for min. 2 yrs.
Experts pointed out that the government’s plan to provide unemployment insurance to the impacted workers may not be sufficient to cover a large section of the country’s workforce as it will cover only 2% of 470-million workers.
The International Labour Organization (ILO) has estimated that up to 25 million people might become unemployed worldwide due to the impact of COVID-19. During the global financial crisis of 2008-09, an estimated 22 million people had lost their jobs, according to the ILO.
These are some of the steps other countries are taking to protect their workforce from the impact of #CoronavirusOutbreak
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