Description

The Employee State Insurance (ESI) registration is provided to employees of every state to ensure some security level to the employees and their families. This registration is provided under Employee State Insurance Corporation ESIC, which is a self-financing, autonomous body controlled by the ESI act 1948.

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.

The ESI scheme is a self financing scheme. The ESI funds are primarily built out of contribution from employers and employees payable monthly at a fixed percentage of wages paid. … all factories where 10 or more persons are employed attract coverage under Section2(12) of ESI Act.

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.