The Atal Beemit Vyakti Kalyan Yojana (ABVKY) is a welfare initiative launched by the Employees State Insurance Corporation (ESIC) under the Ministry of Labour and Employment. It serves as a social security safety net by providing temporary unemployment allowance to insured workers who lose their jobs. The scheme was recently extended to ensure continued support for eligible beneficiaries during periods of financial hardship while they seek new employment. This extension reflects the government's commitment to maintaining industrial harmony and protecting the organized labor force.