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Abhaya Hastham Scheme Telangana PDF
The Telangana Government initiated the Velugu Pension and Insurance Scheme in November 2009 to support SHG women in both rural and urban areas, ensuring income security during their later years. The primary objective of this scheme was to offer enrolled SHG women a sense of financial stability and dignity as they age.
Under this scheme, the mechanism operates on the basis of a contribution of Rs. 365 per year by the SHG woman, supplemented by a government co-contribution of Rs. 365 annually towards her pension fund. The interest accrued from the pooled funds for each member until they reach 60 years of age is utilized to provide a monthly pension ranging from Rs. 500 to Rs. 2200, depending on the member’s age. Upon reaching 60 years of age, every enrolled member is entitled to receive a minimum pension of Rs. 500. Additionally, all enrolled members aged between 18 to 59 years are eligible for insurance coverage under the JBY scheme.
This scheme stands as a beacon of support for SHG women, offering them a reliable source of income and financial protection in their later years. By ensuring a sustainable pension system and access to insurance coverage, the Velugu Pension and Insurance Scheme aims to empower SHG women and provide them with a sense of security and well-being as they transition into retirement.
Through the collective efforts of the SHG women and the government’s co-contribution, this scheme not only fosters financial independence but also promotes a culture of inclusivity and support for women in Telangana. By participating in the scheme, SHG women can secure their future and enjoy a dignified and financially stable retirement, reflecting the government’s commitment to the welfare and empowerment of its citizens.
The Velugu Pension and Insurance Scheme symbolize a step towards ensuring a brighter and more secure future for SHG women, embodying the values of empowerment, inclusivity, and social welfare championed by the Telangana Government. Let’s continue to support and uplift one another through initiatives like these that make a meaningful difference in people’s lives.
Objective Abhaya Hastham Scheme
- The procedure aims to ensure that SHG women lead a life of dignity in their later years by offering them a sense of financial security and support. It serves as a crucial safety net for SHG women during a period when their income from livelihoods diminishes significantly.
- Additionally, the procedure extends financial aid to the family members of SHG women in the unfortunate event of the member’s untimely demise, providing a measure of relief during challenging times.
- By addressing these key aspects, the procedure not only prioritizes the well-being and security of SHG women but also underscores the importance of social welfare and support systems in safeguarding vulnerable populations within the community.
- Through these provisions, the procedure stands as a testament to the commitment of ensuring a secure and dignified life for SHG women, reflecting a deep-rooted sense of compassion and care for their well-being.
Eligibility for the Abhaya Hastham Scheme
- The Abhaya Hastham programs are a vital initiative that acknowledges the contributions of SHG women from both rural and urban areas, providing them with essential support and recognition.
- Eligibility for participation in these programs is open to SHG women between the ages of 18 and 60 years, ensuring inclusivity across different age groups. As a special provision this year, members above 60 years are also eligible to benefit from the program, emphasizing the commitment to support all deserving individuals within the SHG community.
- To qualify for participation, it is essential for individuals to maintain active membership in an SHG for a minimum of one year, underscoring the importance of sustained engagement and commitment to the group’s activities.
- Additionally, meeting the attendance requirement of 80% reflects the dedication and involvement of members in the program’s activities, fostering a sense of community and collaboration among participants.
- Financial contributions play a crucial role in sustaining the program, with a minimum thrift contribution of 80% in the previous year demonstrating a commitment to the group’s financial well-being. Possessing a white ration card signifies eligibility for additional benefits, further enhancing the support available to SHG women through the program.
- The endorsement and certification of a member’s case by the SHG, along with verification of the member’s age through a formal resolution, serve as essential steps in ensuring transparency and accountability within the program.
- By adhering to these criteria and guidelines, the Abhaya Hastham programs continue to empower and uplift SHG women, fostering a sense of belonging and security within the community.