Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 12 2011 2011 (12) This

Janashree Bima Yojana

9-12-2011
  • Contents

Press Information Bureau

Government of India

Ministry of Finance

09-December-2011 16:51 IST

All the Khadi artisans are covered under centralized scheme known as Khadi Karigar Janashree Bima Yojana. This scheme was launched on 15th August, 2003. At the initiative of Khadi & Village Industries Commission (KVIC), benefits of Janashree Bima Yojana have been extended to Khadi Karigars at a subsidized premium of only Rs. 12.50 per annum. The balance premium is shared by Khadi Institution and KVIC and Rs.50 is paid from social security funds. The break up of premium contribution is as under:

Artisan

Rs. 12.50

Khadi Institution

Rs. 25.00

KVIC

Rs. 12.50

Social Security Fund administered by LIC

Rs. 50.00

The benefits paid under the scheme are as under:

On Natural death

Rs. 30,000

On death or total permanent disability due to accident

Rs. 75,000

On partial permanent disability

Rs. 37,500

The number of artisans so far covered in the current plan period under the scheme is 2.77 lakhs and by the end of plan period the target is 2.90 lakhs artisans.

The funds incurred   by the Khadi Institutions and Union Government under the said Yojana so far is Rs.5.16 crore and Rs.10.31 crore respectively.

This information was given by the Minister of State for Finance, Shri   Namo Narain Meena in written reply to an Unstarred Question in Lok  Sabha today.

SS/HB/GN

Quick Updates:Latest Updates