Telangana ‘Nethanna Bima’ Scheme

Nethanna Ku Bima was published on August 7, 2022. Telangana Municipal Administration and Urban Development Minister launched the plans for this state. This initiative will begin on August 7 in honour of National Handloom Day and benefit handloom weavers. The government will cover the insurance premiums under this proposal. If the individual we were covering died due to an illness or accident while the insurance was active. The insurance would pay up to 5 lakh rupees to the nominee or family. Some insurance programs might take a long time for money to be sent to the nominee. However, under this arrangement, the nominee would receive Rs 5 lakh within 10 days after the beneficiary’s death.

The nodal agency’s Handloom and Textile Department is in charge of this initiative, and they will take care of everything. The government has put aside 50 crore rupees for this initiative, of which 25 crores, or 50%, have already been distributed. The state government will implement the Nethanna Bima plan, comparable to the Rythu Bhima scheme, as part of this. This will provide financial security to weavers’ families. So, Telangana is famed for handloom, and this insurance policy covers around 80,000 handloom workers.

The state government also assists handloom weavers through two more programs: Chenetha Mitra and Nethanna Ku Cheyutha. Under one strategy, the state government provides a 40% subsidy to handloom employees. Another proposal provides handloom employees with a 16 per cent financial help deposit as a state portion of the 8 per cent thrift savings paid by cooperative sector workers. These initiatives, however, can only assist Handloom Weavers who are engaged in them.

To instil trust among weavers, Chief Minister K Chandrashekhar Rao chose to introduce Nethanna Ku Bima, which is on par with Rythu Bima. According to him, the insurance coverage program, which is being implemented in collaboration with LIC, would assist 80,000 handloom and power loom weavers in the state. He stated that in the event of a weaver’s natural or accidental death, Rs. 5 lakh will be put into the nominees’ accounts within 10 days.