â??Aam aadmi bima yojnaâ?? starting on â??Gandhi Jayantiâ??

Aug 31: In fulfilling the commitment of its government for the upliftment of poor especially in rural areas cabinet chaired by PM took one more step ahead approved ‘Aam aadmi bima yojna’ to be launched on October second on the occasion of the birthday of the ardent lover of villages.

The insurance scheme which would cover almost 1.5 crore landless households in rural areas (having no insurance cover at all) was announced by the finance minister in his budgetary speech in February. The scheme will provide social security against natural as well as accidental deaths and permanent and partial disability. It will cover the age group of 18-59 years of the family. One person of the family either the head of the family or another earning one will be insured.

50% of the annual premium will be borne by the central government and other 50% by the state government. Apart from this help would be provided to the school-going children of such beneficiaries. Two children of the beneficiaries studying in 9 th to 12 th class will be given assistance of 300 rupees every quarter.

Rupees 30,000 will be provided if the insured meets natural death while one who comes across accidental death or permanent disability will receive Rs.75, 000. Those who suffer partial disability will get 37,000 rupees. The scheme is in tune with the promises made in the National Common Minimum Programme by the government.

Initially 70-80 lakh households will be covered under the scheme but it will be extended to 1.5 crore households later.

State government will operate the scheme. But the fund of Rs. 1,000 crore created by the scheme would be with LIC. Additional fund of Rs. 500 crore would be created to provide assistance in the form of scholarship to help the children of such beneficiaries.