January 09, 2018

Tata Power joins hands with the Labour Commissioner's office to implement 'Janshree Bima Yojana' for SHG members in Mumbai

Mumbai: Tata Power, India's largest integrated power company, has always been at the forefront in undertaking initiatives for the betterment of the communities surrounding its areas of operations. In line with its endeavour of being a ‘Neighbour of Choice’, Tata Power Community Development Trust (TPCDT) is now working closely with the Labour Commissioner’s office to facilitate the implementation of the ‘Janshree Bima Yojna’ for self-help group (SHG) members working in the unorganised sector. More than 220 SHG members have already been enrolled under this programme. TPCDT aims to enrol about 1000 SHG members by the end of this financial year.

Self-help group members being educated by Tata Power Community Development Trust on the benefits of 'Janshree Bima Yojna'

The main objective of TPCDT will be to facilitate implementation of this social security scheme for the workers from the unorganised sector like domestic workers, contract workers, home-based workers amongst others. Under this initiative, TPCDT will educate SHG members on the benefits of enrolling for this scheme and facilitate their registration by encouraging them to make a one-time nominal payment of Rs50, which will then be supplemented by contributions from the State Government and Central Government by Rs50 and Rs100 respectively for life insurance coverage amounting to a total sum of Rs75,000. The scheme will also provide scholarships of Rs1,200 per year to the children of enrolled members studying from standard 9 to 12.

Speaking about the initiative, Ashok Sethi, COO, and executive director, Tata Power, said, “As of May 2015, only 20 percent of India's population has any kind of insurance, this percentage fall further when we consider the people living below the poverty line. The ‘Janashree Bima Yojana’ is a very beneficial scheme that has the potential to move people living on the periphery of society to a better life. We are extremely happy to work with the Labour Commissioner’s office to facilitate the implementation of the ‘Janashree Bima Yojana’ in the communities around Trombay. We will educate the SHG members of the scheme’s benefits and facilitate their enrolment thereby helping them in securing their family’s future. We would like to thank our employees who have volunteered to make this initiative a positive success.”

The 'Janashree Bima Yojana' is a government-sponsored socially oriented insurance scheme. Jointly devised by the Central Government and Life Insurance Corporation (LIC), this scheme offers life insurance protection to rural and urban people below and marginally above the poverty line. However, due to a lack of awareness and education this beneficial scheme has remained unsubscribed to by the underprivileged people eligible for it.