Mahatma Gandhi Bunkar Bima Yojana

Mahatma Gandhi Bunkar Bima

Mahatma Gandhi Bunkar Bima Yojana is a Insurance cover to Handloom Weavers

Bunkar Bima Yojana‟ introduced in 2003 which was a combination of Janshree Bima Yojana and Add-on Group Insurance Scheme being implemented in collaboration with the Life Insurance Corporation of India. Since, 2005-06 this scheme was revised and has been implemented revised with title “Mahatma Gandhi Bunkar Yojana”.

The scheme will cover 26.19 lakh weavers during the period 2012-13 to 2016-17 including maximum renewal cases each year.

Mahatma Gandhi Bunkar Bima Yojana –  Objective

“Mahatama Gandhi Bunkar Bima Yojana‟ is to provide enhanced insurance cover to the handloom weavers in the case of natural as well as accidental death and in cases of total or partial disability.

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Mahatma Gandhi Bunkar Bima Yojana – Elgibility

Mahatma Gandhi Bunkar Bima Yojana – Administration:

The authority in-charge of Handlooms in the State shall finalise insurance coverage of the weavers with the Life Insurance Corporation of India.

Mahatma Gandhi Bunkar Bima Yojana – FEATURES OF THE INSURANCE COVERAGE:

  1. The scheme will be administered by the LIC of India.
  2. The authority in-charge of Handlooms in the State shall finalise insurance coverage of the weavers with the Life Insurance Corporation of India.
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BENEFITS:

S.No.                Benefits
1. Natural Death Rs.60,000/-
2. Accidental Death Rs.1,50,000/-
3. Total Disability Rs.1,50,000/-
4. Partial Disability Rs.75,000/-

PREMIUM:

The annual premium of Rs.470/- per member will be shared as under:

GOI contribution Rs.290/-
Weavers‟ contribution Rs. 80/-
LIC‟s contribution Rs.100/-
Total premium Rs.470/-
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ADDITIONAL BENEFITS:

  1. The “Mahatma Gandhi Bunkar Bima Yojana” also provides scholarship to the children of parents who are covered under it under “Shiksha Sahyog Yojana”.
  2. It may be ensure that the bright and scholary students from weaver community getting benefits under MGBBY – Siksha Sahayog Yojana need to be brought to limelight so as to encourage the children of the other weaver families to emulate them.
  3. The beneficiaries have to be selected for “Shiksha Sahayog Yojana” out of the members covered under Mahatma Gandhi Bunkar Bima Yojana. The targeted beneficiary students of a State may be divided among the members covered under Mahatma Gandhi Bunkar Bima Yojana in proportion to the number of lives covered within that State. The final selection shall be based on the criteria of poorest of the poor, as the number of scholarships is limited and without any gender discrimination

Revival,Reform and Restructuring Package

Yarn Supply Scheme

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Raja Raja Cholan
About Raja Raja Cholan 615 Articles

Trainer & Mentor for aspirants preparing for civil service examination

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