Name the scheme which is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependants covered under the scheme.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Aam Aadmi Bima Yojana (AABY)
B	Central Government Health Scheme (CGHS)
C	Employees’ State Insurance Scheme (ESIS)
D	Rashtriya Swasthiya Bima Yojana (RSBY)

Explanation:

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.

Detailed explanation-2: -The promulgation of Employees’ State Insurance Act, 1948 (ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India.

Detailed explanation-3: -Insurable employees under the Act can draw some cash compensation in case they fall sick. This compensation is generally 70% of their wages during the period of sickness for a maximum of 91 days in a year. In order to avail this sickness benefit, a worker must pay his contribution for 78 days out of 6 months.

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