Speaking to reporters after the 168th meeting of the Employees State Insurance Corporation (ESIC) held here, he said the budget estimates of ESIC for FY 2016-17 are Rs 16,781 crore, up from the revised estimates of Rs 14,620 crore for current FY 2015-16.
"As per the budget estimates, we are going to spend Rs 7,618 crore in the next year on medical benefit and Rs 1,184 crore on cash benefit for the workers and the family members covered under the ESI scheme," Dattatreya, the Union Minister of State for Labour and Employment, said.
"These figures indicate that our corporation is growing and is dedicated to work towards the social security and welfare of the working class in the lower wage bracket," Dattatreya said.
For the current FY, the revised estimates for medical benefits were Rs 6,164 crore while the cash benefits Rs 999 crore.
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The meeting also discussed revised estimates for the year 2015-16 and budget estimates for the year 2016-17 of ESIC and performance budget for 2016-17.