Mahatma Gandhi Bunkar Bima Yojana | Insurance cover to the handloom weavers in the case of death or disability.
Operated by
Ministry of Textiles - Office of Development Commissioner Handlooms, Central Government
Purpose
To provide insurance cover for handloom weavers in the case of natural as well as accidental death and in cases of total or partial disability.
Probable duration
2017
Eligibility
- The weaver should be earning at least 50% of his income from handloom weaving.
- Age of the weavers should be between 18 and 59 years.
- Minorities, women weavers and weavers belonging to NER are also eligible
- The weavers belonging to the State Handloom Development Corporations/Apex/ Primary Handloom Weavers
Benefit Description
Mahatma Gandhi Bunkar Bima Yojana - Financial assistance to the handloom weavers in the case of natural as well as accidental death and in cases of total or partial disability.
Application process
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Other Details
Conditions if Any
- ? 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/-
- The scheme will be administered by the LIC of India.
- The authority in-charge of Handlooms in the State shall finalise insurance coverage of the weavers with the Life Insurance Corporation of India.
More Information