80,000 Telangana weavers to get life insurance cover of Rs 5 lakh under upcoming Nethanna Beema scheme

Hyderabad, Aug 2 (KNN) The Telangana Industries minister KT Rama Rao on Monday announced that around 80,000 state handloom and power loom weavers will now be extended a free life insurance cover of Rs 5 lakh.

The state weavers will be covered under the Nethanna Beema scheme that will be launched on August 7.

“Telangana government is implementing various welfare schemes to uplift the weavers’ community in the state. The family of the deceased would receive Rs 5 lakh and the amount would be credited into the bank account of a family member within 10 days of the death, Rao said.

The industries minister further said that the government has allocated Rs 50 crore for this scheme, out of which Rs 25 crore has already been released. All weavers below the age of 60 years are eligible for the scheme.

The state administration has partnered with Life Insurance Corporation (LIC) of India for this scheme and has appointed the state department of handlooms and textiles as the main body for implementation process.

As per reports, the government will pay the insurance premium to the LIC on behalf of the weavers. Committees of weavers will be formed at the district and state levels for smooth implementation.

Officials from Odisha, Karnataka, and Madhya Pradesh toured Telangana and appreciated the schemes being implemented by the government.  (KNN Bureau)