On August 7, 2022, a new Telangana Nethanna Bima Scheme 2024 was introduced. according to the Nethanna Beema plan. On August 7 National Handloom Day the Telangana Minister of Municipal Administration and Urban Development unveiled this programme. This initiative is being offered to help handloom weavers, whose insurance coverage is continuously modified under the Handloom Weavers Scheme. The state government would give the families of weavers insurance coverage worth up to Rs. 5 lakh. if a disease or accident results in the insured person’s demise while the insurance is in effect. Ten days after the beneficiary’s passing, the nominee will receive Rs 5 lakh under this agreement. Read on for more information on the Telangana Nethanna Bima Scheme, including its features, benefits, and eligibility requirements.
About Telangana Nethanna Bima Scheme
The Nethanna Bima initiative was introduced on Sunday by Telangana Chief Minister K Chandrashekhar Rao. On National Handloom Day, the CM sent greetings to the weavers as he introduced the programme. The government set earmarked 50 crore rupees for this scheme, of which 25 crores, or 50%, have already been dispersed. The state government will implement the Telangana Nethanna Bima Scheme initiative as part of this, which is comparable to the Rythu Bhima scheme. Under one plan, the state government offers handloom workers a 40% subsidy. Differently, the state contributes a 16 per cent financial aid deposit to the 8 per cent thrift savings produced by cooperative sector employees by handloom labour. However, these programmes are only available to Handloom Weavers who have signed up for them.
Key Highlights of Ts Nethanna Bima Scheme
| Launched By | Telangana Government |
| Name of Scheme | Telangana Nethanna Bima Scheme 2024 |
| Objective | To improve the handloom weavers of the State’s current insurance coverage |
| Benefits | Within ten days after the beneficiary’s passing, paying a payout of up to Rs. 5 lakh |
| Eligibility Criteria | Must be a resident of Telangana |
| Beneficiaries | Members of the handloom weavers’ families |
| Official Website | Nethanna Bima |
Objective of Telangana Nethanna Bima Scheme
Increased insurance coverage for all of the state’s handloom weavers is Telangana Nethanna Bima’s main objective. The state wants to make handloom weavers’ lives more comfortable and happy. As we proceed down this route, the Telangana government occasionally introduces a number of welfare programmes to enhance the welfare and economic well-being of handloom weavers. In addition, the Telangana Nethanna Bima Scheme has already received funding from the government. The Telangana state government has been providing Rs 1200 crore yearly to the handloom and textile sector since 2016.
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Benefits of Telangana Nethanna Bima Scheme
The following are some of the key advantages of the scheme:
- Telangana Nethanna Bima would provide incentives to all handloom weavers in the state who are between the ages of 18 and 59, assisting them in bettering their economic standing.
- The Telangana Nethanna Bima Scheme is support by the state government and reimbursed to the insurance policy amount within ten days of the beneficiary’s dying.
- Under this initiative, the weaver’s or insurance participant’s family members would get a retroactive payment of up to Rs. 5 lakhs.
- In addition, the committees will participate in it at the state and district levels and will make contributions that will help the plan function properly and effectively.
Features of Telangana Nethanna Bima Scheme
The following are some of the main components of the scheme:
- The Nethanna Bima Scheme is a health insurance programme that was founded by Mr K Chandrashekhar Rao, the Chief Minister of Telangana.
- This scheme will be carried out by the government in collaboration with the Life Insurance Corporation of India (LIC).
- In accordance with this initiative, the state government will provide an insurance policy worth Rs 5 lakh to the families of weavers in the event of a tragic death.
- The government would give the LIC a yearly premium on behalf of the beneficiary.
- The insurance programme will benefit the families of more than 80,000 weavers.
- This programme is exclusively open to weavers who utilise power or handlooms.
Eligibility Criteria
The following list contains the scheme’s eligibility requirements:
- The applicant who want to apply under the scheme must be a resident of Telangana.
- They are unable to participate since applicants from other states are not eligible for the programme.
- The only weavers who can apply for this programme are individuals between the ages of 18 and 59.
- Prior Rythu Bima Insurance Scheme involvement is required of the candidate.
Documents Required
You must provide the following documents to apply for the scheme.
- AadharCard
- Identity document
- Documentation legally provided to the Department of Handloom and Textile Production includes a mobile number, the applicant’s address as evidence, and an email address.
- The following major initiatives have been launched by the government to provide funding to weavers and the weaving sector:
- Chenetha Mithra’s plan.
- Nethannaku Cheyutha.
- Create a Pavala Vaddi plan.
- To supervise and guarantee the proper execution of this plan, the state government has established committees at the state and district levels.
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Online Registration Process
On August 24, 2022, the Nethanna Bima Yojana was introduced by the Telangana government. The Telangana government has not yet made the Nethanna Insurance Coverage Scheme application process accessible to the public. As soon as the administration provides any form of application process update, we’ll let you know.
Contact Details
- Telangana Secretariat
- 5th Floor, Burgula Rama Krishna Rao Bhavan, NH 44, Hill Fort, Adarsh Nagar,
- Hyderabad, Telangana 500063
- If you have any comments on the state portal, please contact-
- Email: stateportal@telangana.gov.in