Khadi Karigar Janashree Bima Yojana

Khadi Karigar Janashree Bima Yojana

The Khadi Karigar Janashree Bima Yojana is a significant initiative launched by the Ministry of Micro, Small and Medium Enterprises (MoMSME) aimed at supporting khadi artisans throughout India. This group insurance scheme is specifically designed to offer financial protection against various unforeseen circumstances, including natural and accidental deaths, as well as disabilities. It also provides educational assistance to the children of the insured artisans.

Overview of the Scheme

This insurance scheme is a collaborative effort between the Khadi and Village Industries Commission (KVIC) and the Life Insurance Corporation of India (LIC). It focuses on safeguarding the interests of khadi spinners and weavers, ensuring they receive the necessary support in times of need.

Key Benefits Offered

• Natural Death: ₹20,000
• Accidental Death: ₹50,000
• Permanent Disability: ₹50,000 (for loss of two eyes or two limbs)
• Partial Disability: ₹25,000 (for loss of one eye or one limb)
• Educational Scholarship: ₹300 per quarter for each child of a Khadi artisan, applicable for a maximum of two children studying in classes 9 to 12.

Eligibility Criteria

To qualify for the Khadi Karigar Janashree Bima Yojana, applicants must meet the following requirements:

• The individual must be a registered Khadi Artisan (Khadi Karigar).
• The age of the applicant should range from 18 to 59 years.
• The applicant must belong to an approved vocation or occupation group.
• The group should consist of at least 25 members.

Application Process

To apply for the scheme, the nominee of the deceased artisan must follow these steps:

1. The beneficiary must submit the original death certificate of the deceased to the Pension Group Schemes Department of LIC of India via the Khadi Institution to which the deceased belonged.
2. In cases of accidental deaths, it is necessary to include the police enquiry report along with the application.
3. The relevant agency will then forward the documents along with the claim papers to the LIC branch that initially approved the insurance coverage.
4. LIC will process the claims and issue an Account Payee Cheque directly to the beneficiary, with notifications sent to the respective State Government.

Definitions

Understanding certain terms is crucial for the smooth functioning of this scheme:

• Accident: Refers to a sudden, unforeseen, and involuntary occurrence caused by external, visible, and violent means.
• Permanent Disability: Involves the loss of both eyes or both limbs.
• Partial Disability: Involves the loss of one eye or one limb.
• Approved Vocation/Occupation Groups: These are groups identified and officially recognized by LIC in collaboration with the Nodal Agency, requiring a minimum of 25 members.

Official Information

For more detailed information about the Khadi Karigar Janashree Bima Yojana, you can visit the official website: myScheme.gov.in.

Conclusion

The Khadi Karigar Janashree Bima Yojana is a vital scheme that not only provides essential financial security to khadi artisans but also supports their families through educational scholarships. By ensuring that khadi spinners and weavers have access to insurance coverage, the Indian government aims to empower these artisans and promote the sustainability of the khadi industry.