Telangana govt to provide insurance to weavers through ‘Netanna Bima’ scheme

Hyderabad: The Telangana government on Tuesday announced the launch of the ‘Netanna Bima’ scheme for weavers similar to farmer insurance for farmers.

As part of the scheme, LIC will provide insurance of Rs 5 lakh in case of the death of handloom, power loom, and ancillary workers. The scheme will cover 55,072 people. The government has issued orders sanctioning Rs.29.88 crore for this scheme.

This comes as a follow-up to chief minister K Chandrasekhar Rao’s promise back in 2021 that a similar insurance coverage scheme will soon come up for the handloom weavers.