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The Employee State Insurance (ESI) is a self-financed health and social security scheme designed for workers in India, offering medical and disability benefits. It is regulated by the ESI Act of 1948 and administered by the Employees’ State Insurance Corporation (ESIC), which operates under the Ministry of Labour and Employment. ESIC manages the fund according to the regulations outlined by the Act.
ESI applies to establishments with 10 or more employees. It benefits workers who earn a monthly wage of Rs. 15,000 or less. In such cases, the employer contributes 3.25% of the employee’s wages, while the employee contributes 0.75%
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