Loosing the job along with saving does not come under the purview of social security in India. See the extract below:

FUNCTIONS OF SOCIAL SECURITY DIVISION

List of subjects

1. Matters concerning framing of social security policy especially for the organized sector of workers.

2. Administration of Employees State Insurance Act, 1948.
...more

Register for "Social Security"

First n most important health----use the money for fud (dal aur roti)if u try for this much only then u r richest ....fir dusri cheeze standard of living...etc.....relaxx out...make family understand the basic needs....not to spend the left amount on other things except food..

If nothing else works, come to me I will donate ticket back to Italy.

He should immediately cut down all his wasteful expenditure and see how can he survive with the basic minimum requirements.He should also immediately start looking for another job and even if he finds a job below his level , he should not hesitate to start it as something is better than nothing.