CM Jagan launches YSR Bhima scheme providing financial assistance to BPL families

Vijaywada, October 22: Taking another crucial step to provide financial assistance to the BPL families, Andhra Pradesh Chief Minister, YS Jagan Mohan Reddy launched the ‘YSR Bheema’ scheme, which will benefit 1.41 crore families by providing insurance cover.

 

 

 

While launching the scheme Chief Minister said Terming the loss of breadwinner as the worst nightmare for any family, and the State government shall stand by such families in the hard times by providing financial assistance through insurance cover.

 

This is the first time that the government will be single-handedly funding the insurance scheme. The State government will be paying Rs 510 Crore every year as a premium, despite the central government has withdrawn from this scheme.

 

 

 

All the families with white ration cards (issued for the poor) are eligible for this scheme and the village/ward volunteers shall visit the families and enroll the names of the primary householders. Under this scheme, the insurance amount for accidental death and total permanent disability for people aged between 18-50 years is Rs 5 lakh and for those between 51-70 years is Rs 3 lakh.

 

Similarly, for natural death cases (18-50 years) is Rs 2 lakh and for partial permanent disability in an accident case (18-70 years) is Rs.1.5 lakh insurance amount would be extended.

 

Reddy said the claiming amount would be directly credited into the beneficiary bank account within 15 days of the claim being made. In addition to this, the Chief Minister also announced that immediate assistance of Rs 10,000 will be provided to the families through village and ward secretariats.