Print
XClose
Press Information Bureau
Government of India
Ministry of Micro,Small & Medium Enterprises
08-December-2014 17:14 IST
Insurance for Khadi Artisans and Workers

 

The Ministry of Micro, Small and Medium Enterprises has been implementing a group insurance scheme namely Khadi Karigar Janashree Bima Yojana (JBY) since 2003-04 to provide insurance cover to khadi artisans. The Scheme was formulated by Khadi and Village Industries Commission (KVIC) in association with the Life Insurance Corporation of India (LIC) with annual premium of Rs.100/- per beneficiary which is shared in the ratio of Rs. 50/- by the Central Government from Social Security Fund, Rs. 25/- by the Khadi Institution and Rs. 12.50/- each by Khadi Artisan and KVIC. The scheme is available for artisans in the age group between 18 years to 59 years. The compensation available under the Scheme are as under:       

                                               

In case of natural death                                                              :          Rs. 30,000/-

In case of accidental death                                                         :          Rs. 75,000/-

In case of full permanent disability due to accident                  :          Rs. 75,000/-

In case of part permanent disability due to accident                 :          Rs. 37,500/-

 

 

As an ‘add-on’ benefit without any additional premium, up to two school-going children of insured artisans studying in Class Nine to Twelve are eligible for a scholarship of  Rs. 100/- each per month. 

 

The number of artisans covered under the scheme and fund allocated by KVIC during last three years and current year is given below:

 

Year

No. of artisans covered

Allocation*

(Rs.in lakh)

2011-12

2,74,276

1.00

2012-13

2,80,743

7.00

2013-14

2,84,056

4.00

2014-15 

  3,00,000 

90.00

 

 *The scheme has the provision for Experience Rating Analysis (ERA) and lower allocations were made in the last 3 years as LIC of India adjusted the premium from the saving of earlier premium paid.

 

 

The number of artisans covered under the scheme and the number of beneficiaries who have been paid the insured amount during the last three years is given below:

 

Year

No. of artisans covered

Claims for Scholarship

 

Claims for natural death

Claims for accident

death

No.

Amount

(Rs. in lakh)

Nos

Amount

(Rs. in lakh)

Nos

Amount

(Rs. in lakh)

2011-12

2,74,276

17405

196.50

225

67.95

2

1.50

2012-13

2,80,743

14232

160,80

178

53.40

2

1.50

2013-14

2,84,056

6639

103.90

97

29.10

1

0.75

 

 

KVIC has conducted awareness Camps for the khadi artisans and khadi institutions to promote Jana Shree Bima Yojana.   KVIC has also appointed Nodal Officers in their State/ Divisional Offices to monitor the implementation of the scheme and ensure receipt of benefits by eligible artisans.

 

This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.

 

 

******

RTS/ASB