An Analysis on Employment of Funds of Employees State Insurance Corporation (ESIC) of India
Published: 2018
Author(s) Name: P. Chellasamy, Ligy V.K. |
Author(s) Affiliation: PhD. Associate Professor, School of Commerce, Bharathiar University, Coimbatore, Tamilnadu
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Abstract
ESI scheme is the first social insurance measure
in India to provide socio-economic protection to
the worker population of the nation. As ESIC is a
unique institution and ESI scheme of India is a
major multi-dimensional social insurance
programme that has over the last six decades
emerged with its phenomenal growth in terms
of geographical reach, demographic coverage,
multi-faceted services and infrastructure it
becomes imperative to appraise the performance
of ESIC. As the major components of income and
expenditure are increased year by year, an
analysis on employment of funds is revealed that
there is proper employment of funds and there
is a positive relationship between income and
expenditure of the ESIC. From the study it is clear
that ESI scheme protects the insured persons from
catastrophic health expenditure and promotes
health seeking behavior of the beneficiaries.
Keywords: ESIC, ESI Scheme, Contribution, Benefits, Social Security.
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