What is Khadi Karigar Scheme – Janashree Bima Yojna?


Khadi Karigar Scheme - Janashree Bima Yojna

A Group Insurance Scheme for khadi workers, namely, “Khadi Karigar Janashree Bima Yojana” was established during X Five Year Plan through KVIC on 15th August 2003 By the Government of India (in the erstwhile Ministry of Small Scale Industries and Agro & Rural Industries),  with LIC of India as insurers. The projects cover spinners, weavers, pre-spinning artisans and post-weaving artisans engaged in the khadi sector. This project, like other Group Insurance Schemes, does not have any terminal benefit for the beneficiaries as this is not a Life Insurance Scheme.  The scheme grants only risk cover for death/disability and the worker is not entitled to get any returns on the premium paid by him or paid on his behalf by KVIC/khadi institutions, if he survives the entire period of insurance.

 The LIC of India has enhanced risk includes for the khadi artisans and the revised risk cover provided to each artisan is (i) Rs. 30,000 for natural death and Rs. 75,000 for death due to accident, (ii) Rs. 75,000 for permanent disability (loss of two eyes/limbs of use) due to accident, and (iii) Rs. 37,500 for partial disability, without charging any additional cost either to the beneficiary or to the Government of India.

The Shiksha Sahayog Yojana is add-on coverage under JBY, without any additional premium. The wards of the khadi artisans (benefit restricted to two children per member/family) includes under the JBY are entitled to receive up to Rs. 1200 per annum per ward towards tuition fee under the Shiksha Sahayog Yojana.  This advantage is only forwards studying in classes IX to XII, including those studying in Industrial Training Institutes (ITI).

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