2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.21 lakh
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8.21 lakh
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11.83 lakh
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9.83 lakh
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Detailed explanation-1: -The gross new enrolments with Employees’ State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22, from 1.15 crore in 2020-2021, as per latest data.
Detailed explanation-2: -The ESIC scheme currently does not cover workers or employees earning more than Rs. 21, 000 per month and in the case of persons with a disability, the maximum wage is capped at Rs. 25, 000 per month.
Detailed explanation-3: -The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries’ monthly wage does not exceed Rs 21, 000 are covered under the scheme.
Detailed explanation-4: -The ESI Scheme is financed by contributions from employers and employees. The rate of contribution by employer is 4.75% of the wages payable to employees. The employees’ contribution is at the rate of 1.75% of the wages payable to an employee. Employees, earning less than Rs.