Telangana Nethanna Bima Scheme 2024 – Rs. 5 Lakh Insurance Cover to Weavers

Telangana Nethanna Bima Scheme 2024 launched on national handloom day, govt. to provide insurance coverage upto rs. 5 lakh to weavers, check premium amount, details etc
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Telangana government has launched a new Nethanna Bima Scheme on 7 August 2022. Under the Nethanna Beema scheme, the state govt. will provide insurance coverage of upto Rs. 5 lakh to the families of weavers. In this article, we will tell you about the complete details of the Nethanna Bima Scheme.

About Nethanna Bima Scheme 2024

Chief Minister of Telangana, K Chandrashekhar Rao on Sunday launched the Nethanna Bima scheme. While launching the scheme, CM extended greetings to the weavers on the occasion of National Handloom Day. CM said that Telangana government has been working for the welfare of weavers by implementing a slew of new schemes for them. CM informed that Nethanna Bima is one-of-its-kind scheme for weavers that has been introduced in the country. Around 80,000 weavers families will be benefitted through this insurance plan.

Rs. 5 Lakh Insurance Coverage to Weavers in Telangana

Nethanna Bima Scheme will provide Rs. 5 lakh insurance cover to the weavers families in case of the unfortunate demise of an eligible beneficiary. It will provide economic assurance to handloom and power loom weaver families. CM KCR also termed this scheme a testimony of the government’s commitment to people’s welfare. CM further took a jibe at the central government and said that it is wrecking handloom and power loom sectors by increasing taxes.

Premium Amount under TS Nethanna Beema Scheme

Under the scheme, the Telangana government has joined hands with Life Insurance Corporation (LIC) of India for the Nethanna Beema scheme. Telangana state department of handlooms and textiles is the nodal agency for the implementation of Nethanna Bima Scheme. The annual premium of the beneficiaries will be paid by the government on their behalf to the LIC.

Meanwhile, Telangana Rashtra Samithi (TRS) MLC said that the state and central government have come together for the benefit of weavers on the occasion of National Handloom Day. He said that no government has out the tax on handloom but the Modi-government for the first time has put 5% tax on handlooms. MLC even urge the central government to remove the Handloom tax and should take the decision to make the GST zero.

Beneficiaries of Nethanna Bima Scheme

There are currently 1 lakh weavers who are working in the Handloom and Textile industry. So, the state government has decided to give Rs. 5 lakh to their nominees if they die. Padma Shri awardee and weaver, Chintakindi Mallesham expressed her gratitude to Telangana CM KCR for introducing the scheme for the welfare of weavers.

In India, the National Handloom Day is observed on August 7 every year to recognise the contributions of the handloom weavers of the country. In 2015, the first National Handloom Day was organised by PM Modi in Chennai.

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