Employee State Insurance Corporation is an autonomous body created by an act of Parliament under the Ministry of Labour and Employment, Government of India.
This scheme is for Indian workers who are provided with a huge variety of medical, monetary and other benefits from the employer. Any Company having more than 10 employees) who have a maximum salary of RS.21000 has to mandatorily register itself with the ESIC.
Further in the press conference held on 14.05.2020 finance minister has highlighted the following provisions of labor law code foe expansion of ESI coverage for benefit of workers:-
1. Extension of ESIC coverage pan- India to all districts and all establishments employing 10 or more employees as against those in notified districts/ area only.
2. Extension of ESIC coverage to employees working in establishment with less than 10 enployees on voluntary basis.
3. Mandatory ESIC coverage through notification by central government for employees in hardazous industries with less than 10 employees.
ESIC registration
As per the government notification under Sec 1(5) of the ESI Act the following entities are required to be registered with ESIC:
1. Shops
2. Restaurants or Hotels only engaged in sales.
3. Cinemas
4. Road Motor Transport Establishments
5. Newspaper establishments (which is not covered under the factory act)
6. Private Educational Institutions