Telangana Government Launches Life Insurance Scheme for Weavers

Telangana Government Launches Life Insurance Scheme for Weavers

Daily Current Affairs   /   Telangana Government Launches Life Insurance Scheme for Weavers

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Category : State Published on: August 11 2022

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  • The Telangana government on Sunday launched ‘Nethanna Bima,’ a life insurance scheme for handloom and power loom weavers, marking National Handloom Day.
  • Telangana Chief Minister K Chandrashekar Rao introduced the scheme on the occasion of National Handloom Day and extended greetings to the weaver's community.
  • Under the scheme, Rs 5 lakh would be deposited in the nominees' account in case of unfortunate death of an eligible beneficiary (weaver).
  • The State government has entered into an agreement with Life Insurance Corporation (LIC) for implementing the scheme.
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