The Khadi Karigar Janashree Bima Yojana is a noteworthy insurance scheme formulated by the Khadi and Village Industries Commission (KVIC) in association with the Life Insurance Corporation of India (LIC). This scheme aims to provide life insurance coverage to khadi artisans, including spinners and weavers. The scheme’s objective is to ensure financial security and social welfare for khadi artisans by providing insurance against natural death, accidental death, and disability. Additionally, the scheme offers educational support through scholarships for the children of khadi artisans.
The Khadi Karigar Janashree Bima Yojana was initiated to address the financial vulnerabilities faced by khadi artisans, who often work under precarious conditions. The scheme’s inception marked a significant step towards improving the socio-economic status of these artisans, providing them with a safety net and promoting their well-being.
| Feature | Description |
|---|---|
| Name of the Yojana | Khadi Karigar Janashree Bima Yojana |
| State | All states of India |
| Initiated By | Khadi and Village Industries Commission (KVIC) in association with Life Insurance Corporation of India (LIC) |
| Yojana Overview | A group insurance scheme providing coverage for natural death, accidental death, and disability for khadi artisans (spinners and weavers). Includes a scholarship for the artisans’ children. |
| Beneficiaries | Khadi artisans aged 18-59, including those below and marginally above the poverty line, and members of approved vocation/occupation groups with a minimum group size of 25 members |
| Registration Process | Offline only |
| Official Website | https://my.msme.gov.in/MyMsmeMob/MsmeScheme/Pages/1_3_1.html |
Table of Contents
Objectives of Khadi Karigar Janashree Bima Yojana
- Insurance Coverage for Natural Death: The primary goal of the scheme is to provide financial assistance in case of the natural death of a khadi artisan. The nominee receives a sum of ₹20,000, ensuring that the family has some financial support during such a difficult time.
- Accidental Death and Disability Coverage: The scheme offers a sum of ₹50,000 for accidental death or permanent disability (loss of two eyes or two limbs) and ₹25,000 for partial disability (loss of one eye or one limb). This coverage is crucial for artisans who might suffer from accidents in their line of work.
- Support for Families: The scheme also aims to support the families of khadi artisans by providing scholarships for their children. Each child studying in classes 9th to 12th can receive ₹300 per quarter, subject to a maximum of two children per family.
- Upliftment of Economically Weaker Sections: By providing financial and educational support, the scheme contributes to the welfare and upliftment of economically weaker sections involved in khadi production. It helps ensure that artisans and their families can lead more secure and stable lives.
- Promotion of Khadi Production: The scheme indirectly promotes the khadi industry by ensuring that artisans have a safety net. This encourages more people to take up khadi production, knowing that there are measures in place to support them in times of need.
Registration Process
The registration process for the Khadi Karigar Janashree Bima Yojana is conducted offline. Here are the detailed steps:
- Application Submission: The nominee of the deceased person must furnish the original death certificate to the Pension Group Schemes Department of LIC of India through the Khadi Institution under which the deceased was a member.
- Accidental Death Documentation: In case of accidental deaths, the nominee must also submit the police enquiry report along with the application.
- Document Forwarding: The Khadi Institution forwards the documents along with the claim records/papers to the LIC branch that initially finalized the insurance cover.
- Claim Settlement: LIC settles all claims by sending an account payee cheque directly to the beneficiary. This settlement information is also furnished to the concerned state government.
Benefits of this Yojana
The Khadi Karigar Janashree Bima Yojana offers several benefits:
- Financial Assistance for Death and Disability: The scheme provides ₹20,000 for natural death, ₹50,000 for accidental death or permanent disability, and ₹25,000 for partial disability.
- Scholarships for Children: A scholarship of ₹300 per quarter is provided for the children of insured khadi artisans studying in classes 9th to 12th. This benefit is limited to two children per family.
- Premium Contribution: The annual premium for each applicant is shared among various contributors: ₹50 each from the Government of India and LIC’s Social Security Fund, ₹25 from KVIC, and ₹12.5 from the Khadi Institution and the artisan respectively.
Eligibility Criteria
The eligibility criteria for Khadi Karigar Janashree Bima Yojana include:
- Age Group: Applicants must be between 18 and 59 years old.
- Occupation Group: The applicant must be a khadi artisan (spinner or weaver).
- Group Requirement: The artisan must be part of an approved vocation/occupation group with at least 25 members.
- Poverty Line Status: The applicant must be below or marginally above the poverty line.
Required Documents
To apply for the Khadi Karigar Janashree Bima Yojana, the following documents are required:
- Proof of Age: Documents such as birth certificate, Aadhaar card, or school leaving certificate.
- Proof of Income: Income certificate to verify the applicant’s financial status.
- Proof of Occupation: Documents confirming the applicant’s status as a khadi artisan.
- Aadhaar Card: For identity verification.
- Bank Details: Bank account details seeded with Aadhaar for direct benefit transfer.
- Death Certificate/Certificate of Disability: In case of claims, these documents are required to process the insurance benefits.
