₹ 5 lakh life insurance coverage for weavers: KCR
The Hindu
Old age pensions for 57 plus age group from next month
The State government has resolved to provide life insurance coverage to weavers with an assured sum of ₹ 5 lakh. Chief Minister K. Chandrasekhar Rao has announced this after participating in a series of developmental programmes in Sircilla on Sunday. He also announced disbursal of old age pensions for people above 57 years of age from next month. Being envisaged on the lines of Rythu Bima where all the farmers are provided insurance coverage, the proposed life insurance scheme for weavers will be implemented with assured sum of ₹ 5 lakh to the weavers’ families in the event of death of the bread winner. The scheme would become operational in two to three months. Insurance cover to weavers had been conceived to ensure some relief to the members of the bereaved family. The government would introduce another scheme for weavers, both handloom and powerloom, under which a corpus fund would be created for their welfare. In addition, it was decided to provide 50 per cent subsidy on the yarn, colours and other inputs. The Chief Minister said that the much awaited pension for people crossing 57 years would be provided from next month. The State government had initiated steps to sanction old age pensions to those crossing 57 years in tune with the promise made to them in the past. The Cabinet would meet after conclusion of the ongoing Palle Pragati programme and take a decision in this direction.More Related News