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So, what exactly *is* ESI payment? **ESI**, or Employee State Insurance, is a self-financing social security and health insurance scheme for Indian workers. Think of it as a safety net that provides financial and medical assistance to employees and their families during times of need. The ESI scheme is managed by the Employees' State Insurance Corporation (ESIC), and it's a crucial part of India's social security framework. The primary goal is to provide socioeconomic protection to the workforce, particularly those in the lower-income bracket.
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