Objective:
The scheme aims to provide a universal & affordable Social Security and need based financial assistance to the handloom weavers/workers across the country.
Components
- Life, accidental and disability insurance coverage under the PMJJBY, PMSBY and Converged MGBBY.
- Financial support @Rs. 8,000/- per month per Awardee weaver (Padma/Sant Kabir/National/State) above 60 years of age, in indigent circumstances, having annual income below Rs.1.00 lakh, to be certified by the Competent Authority of State Govt. concerned.
- Financial support as scholarship upto Rs.2.00 lakh per annum per child to handloom weavers/workers’ children for study in Textiles Institutes.
PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY)
The PMJJBY is an insurance scheme offering life insurance cover for death, due to any reason. The life cover is for a year from 1st June to 31st May and is renewable on year to year basis.
ELIGIBILITY
All handloom weavers/workers’ in the age group of 18-50 years.
BENEFITS
Rs.2.00 lakh will be payable on beneficiary’s death due to any cause, for one year insurance coverage period from 1st June to 31st May.
PREMIUM
The annual premium of Rs.436/- will be shared as under:
| Goal share | Rs. 198/- |
| State Govt./Beneficiary’share | Rs.238/- |
| Total Premium | Rs. 436/- |
PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY)
The PMSBY is an insurance scheme offering accidental insurance cover for death or disability. This cover is for a year from 1st June to 31st May and is renewable on year to year basis.
ELIGIBILITY
All handloom weavers/workers in the age group of 18-70 years.
BENEFITS
| Accidental Death | Rs. 2,00,000/- |
| Permanent Total Disability | Rs. 2,00,000/- |
| Permanent Partial Disability | Rs. 1,00,000/- |
PREMIUM
The entire annual premium of Rs.20/- will be borne by the Govt. of India.
CONVERGED MAHATMA GANDHI BUNKAR BIMA YOJANA (Converged MGBBY)
The Converged MGBBY is an insurance scheme offering life and accidental insurance cover for death or disability for a closed group of handloom weavers/workers. This cover is for a year from 1st June to 31st May and is renewable on year to year basis.
ELIGIBILITY
Handloom weavers/workers in the age group of 51-59 years, who were already enrolled under the MGBBY on 31.05.2017. No new enrolment of weavers in the 51-59 years age group will be done under the scheme. Thus, number of beneficiaries under the MGBBY will get reduced every year.
BENEFITS
| Natural Death | Rs. 60,000/- |
| Accidental Death | Rs. 1,50,000/- |
| Total Disability | Rs. 1,50,000/- |
| Partial Disability | Rs. 75,000/- |
PREMIUM
The annual premium of Rs.470/- will be shared as under:-
| Gol share | Rs. 290/- |
| StateGovt/Beneficiary’s share | Rs. 180/- |
| Total Premium | Rs. 470/- |
OPERATIONAL MODALITIES OF PMJJBY, PMSBY AND CONVERGED MGBBY
(i) The insurance cover is renewable every year and continuation of coverage is ensured on payment of premium. The coverage period is 1st June to 31st May.
(ii) Premium amount of PMJJBY & PMSBY shall be shared in the existing ratio (5:6) between Government of India (Gol) & State Government/ Beneficiary and same ratio shall be continued, as & when the premium amount is revised.
(iii) Target for enrolment of handloom weavers/workers’ under PMJJBY, PMSBY and converged MGBBY will be communicated to all State Governments/UTs, every year.
(iv) The State Government shall indicate number of weavers/workers that can be enrolled, either by paying the premium by the handloom weavers/workers or by the State Government or both.
(v) On receipt of above, Gol share of premium will be sanctioned/released as an advance to State Government concerned for the policy year under the scheme.
(vi) The State Directorate of Handlooms and its subordinate offices in the field shall be the Nodal agencies for implementation of the scheme. Nodal agency will act for and on behalf of the insured members in all matters relating to the insurance cover.
(vii) The weaver/worker shall fill up the enrolment form as prescribed by the Bank concerned/LIC and submit the same to the nodal agency and deposit his/her premium in the bank account of the nodal agency.
(viii) On receipt of the above, the nodal agency shall scrutinize the application and forward the premium amount to the bank account of handloom weaver/worker or account of the concerned bank as decided by the State Govt. concerned in respect of PMJJBY & PMSBY and LIC in respect of converged MGBBY.
(ix) In case, handloom weaver/worker is not in a position to contribute his/her share, State Government concerned may do so.