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MP to provide insurance cover to 15,440 fishermen

BHOPAL: The Madhya Pradesh Fisheries Department has fixed a target of providing insurance cover to 15,440 fishermen under the Janshree Bima Yojna (Janshree group insurance scheme) during the current financial year.

State Fisheries Minister Moti Kashyap said here on Friday that in the first phase about 7,000 fishermen have already been insured under this scheme.

He said fishermen across Madhya Pradesh have been brought under the Janshree Bima Yojna. The idea behind the scheme is to provide social security. A sum of Rs.75,000 would be given in the event of accidental death or permanent disability to a fisherman covered under this scheme. In the event of natural death, the amount to be given under the scheme would be Rs.30,000.

Fishermen’s children (maximum two in number), studying in Class IX to XII, would also receive a scholarship of Rs. 100 per month under this scheme. The Janshree Bima Yojana is a Central scheme targeted at the urban and rural poor who live below the poverty line or on the margin. It is backed by the Central Social Security Fund and administered by the Life Insurance Corporation of India. The premium for the insurance cover would be Rs.200 per year. Of this, Rs.100 would be shared equally by the individual and the State Government.

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MP to provide insurance cover to 15,440 fishermen

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