INTRODUCING INSURANCE SCHEME FOR WOMEN HANDLOOM WEAVERS

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Central Government has been implementing the Group Insurance Scheme and the New Insurance Scheme for the benefit of the handloom weavers in the country. These schemes cover both men and women weavers. The details of these schemes are given below:

GROUP INSURANCE SCHEME:

This Scheme was introduced in the year 1992-93 in order to meet the socio-economic obligations of the weaver towards his family and to provide security against the uncertainty of his working capacity in old age. Under the scheme, a weaver is provided an insurance coverage of Rs. 10,000/- for an annual premium of Rs. 120/-. The premium is shared equally among the beneficiary, State and Central Governments.

NEW INSURANCE SCHEME FOR HANDLOOM WEAVERS.

This Scheme was introduced in the year 1997-98. The scheme provides coverage against various types of risk at a premium of Rs. 120/- per annum with contributions of Rs. 20/- by the weaver, Rs. 40/- by State Government and Rs. 60/- per annum by Central Government.