TS Govt Launches ‘Nethanna Ku Bima’ Scheme

Hyderabad Now

2 years ago

Hyderabad, Aug.7 (Hydnow): The State government on Sunday launched the ‘Nethanna Ku Bima’ Scheme, which extends insurance coverage to handloom and power loom weavers in Telangana.

Minister for Handlooms KT Rama Rao virtually launched the scheme on National Handloom Day here on Sunday. On the occasion, KTR appealed to the union government to withdraw GST on handlooms as it was casting an adverse impact on the weavers and the entire sector.

Alleging that the Centre was the first government to levy GST on handlooms after 75 years of Independence, the Minister said the union government should withdraw its decision in the best interest of weavers across the country and announce incentives to encourage the weaver community.

The Telangana government has introduced the Nethanna Ku Bima on par with Rythu Bima in a bid to instill confidence among the weavers. The insurance coverage scheme, which was being implemented in association with LIC, would benefit 80,000 handloom and power loom weavers in the State, the Minister said.

In case of natural or accidental death of a weaver, Rs. 5 lakh would be deposited into the nominees’ account within 10 days, KTR said. (Hydnow)

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