Published: 18th Aug, 2022
Context
The Telangana government recently launched ‘Nethanna Bima,’ a life insurance scheme for handloom and power loom weavers, marking National Handloom Day.
About
About the Scheme:
- ‘Nethanna Bima’, a first-of-its-kind scheme in the country. It would extend life insurance coverage to handloom and powerloom weavers.
- The scheme provides economic assurance to handloom and power loom weaver families.
- The insurance coverage scheme would benefit more than 80,000 weavers across the State.
- Under the scheme, Rs 5 lakh would be deposited in the nominees' account in case of unfortunate death of an eligible beneficiary (weaver).
- The State government has entered into an agreement with Life Insurance Corporation (LIC) for implementing the scheme.
- The scheme is implemented by the LIC, while the annual premium amount of the beneficiaries will be paid by the government on their behalf to the insurance company.
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About National Handloom Day
When at the stroke of the midnight hour India got independence, Pandit Jawaharlal Nehru unfurled the Indian flag made of khadi at Princess Park near India Gate. |
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