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Whom
does the Scheme
protect ? |
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The Scheme protects
all "employees" engaged on a monthly
remuneration not exceeding Rs.10,000/- in a
factory/ establishment to which the Act applies.
Persons employed for wages on any work connected
with the administration of the factory or
establishment or any part, department or branch
There of or purchase of raw materials, or
distribution or sale of the product of a factory
or establishment are also covered. Mines,
Railway Running Sheds, Naval, Military and Air
Force Workshops and specified seasonal factories
are excluded. The scheme also provides full
medical cover to the dependants of insured
persons. In the event of death of an insured
person due to employment injury dependants
become eligible to cash benefit.
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Where
do Employment State funds come from ? |
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The Employees' State
Insurance Funds are primarily built out of
employers contribution and employees
contribution payable monthly as a fixed
percentage of wages.
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How are the employees
registered under the Scheme ? |
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Simultaneously with
his/her entry into employment in a covered
factory or establishment, an employee is
required to fill in a Declaration Form. The
employee is then allotted a Registration Number,
which distinguishes and identifies the person
for the purposes of the Scheme. A person is
registered once and once only upon his entry in
insurable employment.
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What is an Identity Card ? |
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Simultaneously with
his/her entry into employment in a covered
factory or establishment, an employee is
required to fill in a Declaration Form. The
employee is then allotted a Registration Number,
which distinguishes and identifies the person
for the purposes of the Scheme. A person is
registered once and once only upon his entry in
insurable employment.
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What are the rates of
contribution ? |
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Contributions payable in respect of an employee comprise of employer's contribution and employee's contribution prescribed in Schedule I of the Act. An employee covered under the scheme has to contribute 1.75% of the wages whereas, an employer contributes 4.75% of the wages payable to an employee. The total contribution in respect of an employee thus works out to 6.50% of the wages payable.
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Who is exempted from payment of
contribution ? |
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Employees earning less than Rs
70/- a day are exempted from payment of
contribution. The employers share of
contribution is, however,
payable.
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