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Telangana government to introduce insurance scheme to weavers

Published on August 02, 2022
Current Context: Telangana government to launch 'Nethana Beema' insurance schemes to support families of deceased weavers.
Telangana government to introduce insurance scheme to weavers
  • Minister KT Rama Rao said the scheme will be launched on National Handloom day on August 7, which aims to provide financial support to bereaved families of handloom and power loom weavers.
  • 'Nethana Beema' scheme is introduced along the lines of the Rythu Beema scheme, an insurance scheme for farmers.
  • Under the 'Nethana Beema' scheme, an amount of Rs 5 lakh will be provided to families of deceased weavers. The amount will be credited to the family member's account within 10 days after the death of the weaver.
  • The nodal agency for implementing the scheme is the Department of Handlooms and Textiles of the state government.
  • The state government has entered an agreement with Life Insurance Corporation (LIC) for the scheme. The state government will pay the premium amount to LIC.
  • For the scheme, the government has allocated Rs 50 crore, out of which 25 crore has already been released. Weavers below the age of 60 are eligible for the scheme. The scheme has 80,000 handloom and power loom weavers as beneficiaries.
  • Telangana government every year from 2016-17 allocates a unique budget of Rs 1,200 crore for strengthening the handloom and power loom sectors.
  • Static Knowledge:
    • Chief Minister of Telangana - K Chandrashekar Rao
    • Governor of Telangana - Tamilisai Soundararajan

Question: 

Q.1 Which state has launched the 'Nethana Beema' insurance scheme to support families of deceased weavers?
a. Kerala
b. Tamil Nadu
c. Andhra Pradesh
d. Telangana
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