BANKING GENERAL KNOWLEDGE
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Question
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Employees’ State Institute
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Employees’ State International
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Employees’ State Insurance
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Employees’ State Indian
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Detailed explanation-1: -Employees’ State Insurance Scheme of India, is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependants covered under the scheme. The scheme was inaugurated in Kanpur on 24th February 1952.
Detailed explanation-2: -As for workers or employees, they are covered or entitled under ESI when they earn less than Rs.21, 000 per month and Rs.25, 000 in the case of a person with disability. The worker contributes 1.75% of their salary while the employer contributes 4.75% towards the ESI scheme.
Detailed explanation-3: -The administration of Medical Benefit is taken care of by the respective State Government except in case of Delhi and Noida/Greater Noida area in Uttar Pradesh where the Corporation administers medical facilities directly.