Micro, Small and Medium Enterprises (MSME) is mostly known as Ministry of Micro, Small & Medium Enterprises. MSME falls under micro, small & medium sized enterprises.
ESI Registration Services in Purnea, Bihar
Employees registered under ESI get many benefits under this scheme. The employees enjoy medical attendance and treatment including a full range of medical, surgical, and obstetric treatments for the insured person and their families, supply of all medicines, ambulance services, super-specialty consultations, etc. Apart from medical care, the insured enjoys salary benefits as well. Registering with ESI brings tremendous benefits to the employee and improves worker morale and retention. Apart from these, the insured employee can also avail of sick pay benefits. Hence, it has been made mandatory for both the employer and the employee to be registered under this Act. For registration assistance, you can contact Avyud Consultancy. We will help you to get ESIC Registration Code online without any hassle.
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ESI Registration Benefits
Medical Benefit
From the day an employee enters insurable employment, he/she and his/her family members are liable to get full medical care under this scheme. There is no upper limit set on expenditure on the treatment of an Insured Person or his/her family member. Retired and permanently disabled insured persons and their spouses are also provided with medical care under this scheme on payment of a token annual premium of Rs.120/-.
Sickness Benefit(SB)
As the name suggests, Sickness Benefit is provided during the periods of certified sickness in the form of cash compensation at the rate of 70 % of the wages which is payable to insured workers for a maximum of 91 days in a year. The insured worker is required to contribute for 78 days in a contribution period of 6 months in order to qualify for sickness benefit.
- Extended Sickness Benefit(ESB) : SB extendable upto two years in the case of 34 malignant and long-term diseases at an enhanced rate of 80 per cent of wages.
- Enhanced Sickness Benefit : Enhanced Sickness Benefit equal to full wage is payable to insured persons undergoing sterilization for 7 days/14 days for male and female workers respectively
Dependants’ Benefit(DB)
The dependants of a deceased Insured person where death occurred due to employment injury or occupational hazards receives DB paid at the rate of 90% of wage in the form of monthly payment to the dependants of the deceased.
Maternity Benefit (MB) :
Maternity Benefit for confinement/pregnancy is payable for 3 months. It can be further extended for 1 month on medical advice at the rate of full wage subject to contribution for 70 days in the preceding year.
Disablement Benefit
Temporary disablement benefit (TDB) :
- In case of employment injury, whether the contribution has been made or not Temporary Disablement Benefit is payable at the rate of 90% of wage from day one of entering insurable employment as long as the disability continues.
Permanent disablement benefit (PDB) :
- The benefit is paid at the rate of 90% of wage in the form of monthly payment depending upon the extent of loss of earning capacity as certified by a Medical Board.
Other Benefits
Funeral Expenses : From day one of entering insurable employment an amount of Rs.10,000/- is payable to the dependants or to the person who performs last rites. Confinement Expenses : In case confinement of an Insured Woman or an I.P. in respect of his wife occurs at a place where necessary medical facilities under ESI Scheme are not available.
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FAQs for ESI Registration Services
What is ESI Registration?
convenient registration under the Employees’ State Insurance (ESI) scheme of ESIC, is referred to as the ESI Registration. ESIC is acronym for Employees’ State Insurance Corporation, which functions under the Ministry of Labor and Employment, Government of India. Registration under this ESI scheme ensures availability of a wide-range of medical, monetary, and other benefits to the employees of any employing entity having 10 or more employees. Such facilities are indeed very elegant for improving and boosting the health, morale, performance, and retention and progress of employees. Thus, registration under ESI scheme is regarded as a statutory responsibility of every concerned employer entity, engaged in any economic field. By March 2013, around 6.5 Lac employers were registered under ESIC, to ensure benefits of this scheme to about 1.75 Crore eligible employees.
Documents Required for ESI Registration
To be Submitted by Employer:
- Registration Certificate or Licence issued under Shops and Establishment Acts or Factories Act.
- Address Proof: Latest Rent receipt of the premises you are occupying indicating the capacity in which the premises are occupied, if applicable.
- Latest building Tax/Property Tax receipt (Photocopy).
- Memorandum and Articles of Association/Partnership Deed/Trust Deed depending on the entity that is applying for registration.
- Photocopy of certificate of Commencement of production and/or Registration No. of CST/ST (or GST once it becomes applicable).
- Copy of PAN Card
- Evidence in support of the date of commencement of production/business/first sale (e.g. Copy of First Invoice).
- Month wise employment position, salary etc.
- Copy of bank statement
To be Submitted by Employees:
- Family Photo in Duplicate
What are The Compliance Requirements?
Every employer covered under this Act has to comply with various compliances such as submission of monthly contributions, filing of half-yearly returns and any change in business activity, address, ownership, and management, and maintenance of registers to ESIC officers. to report. and records etc.
What is The Limit for Payment of Contributions?
Contribution for an employee shall be paid within 15 days of the last day of the month in which the contribution is due for any pay period.
What is The Salary Limit in ESI?
The current wage limit for coverage under the ESI Act is Rs. 21,000 per month with effect from 1.01.2017.
Who is Not Eligible for ESIC Registration?
The ESIC scheme does not cover workers or employees who earn more than Rs 21,000 per month and the maximum salary in case of a disabled person is Rs. 25,000
Our Other Services in Purnea, Bihar
Import Export Code
The first requirement before you start an import/ export business in India is to obtain an International Electrotechnical Commission (IEC). An IEC is necessary for import/export of goods.
FSSAI Registration
FSSAI means food safety and security authority of India. It is the agency under the control of government of India and ministry of health and family affair.
