Dr. Y.S.R.

Abhaya Hastham
The Scheme has commenced from 1st November 2009. It was launched by the then Honble Chief Minster at a state level function held at Chevella, Rangareddy district on 1st November 2009. The Andhra Pradesh Self Help Groups (SHG) Women Co-contributory Pension Act, 2009 has been passed by both houses of the legislature. Objective and purpose The pension scheme envisages providing income security to the SHG women who are 60 years and above. It envisages that a member would contribute Re.1/- per day per member and Government of Andhra Pradesh (GoAP) would also contribute Re.1/- per day per contributing member and GoAP would ensure a minimum pension of Rs.500/- per month to every SHG member aged above 60 years. In addition to the pensions to the women, the members are covered under Janashree Bima Yojana (JBY) insurance scheme, giving them triple benefits of Pensions, Insurance cover and Study Scholarship under Shiksha Sahyog Yojana. Eligibility

All Indira Kranthi Patham (IKP) recognized SHG women, from rural and urban areas. Should be a currently active SHG member and been a member for atleast a year (SHG member by 1/06/2009) subsequently the age has been limited to the member not crossing 50 years. Holder of white ration card. The SHG should recommend the case of the member and certify the age of the member through a resolution

Benefits 1. Each member would become eligible for minimum monthly pension of Rs. 500 or above, subject to fulfillment of conditions to be prescribed, on crossing the 60 years of age, depending on the number of years of contribution and quantum of contribution made by the member. 2. All women between 18 to 59 years would be eligible for life insurance cover up to 1. A sum of Rs. 30,000 in case of natural death 2. Rs. 75,000 in case of Accidental death 3. Rs. 75,000 for permanent disability 4. Rs. 37,500 for partial disability 5. Scholarship of Rs. 1200 per annum for their children, studying 9th, 10th classes, intermediate and Industrial Technical Institute (ITI). 6. Members who are already receiving scholarships for their kids from LIC under any other scheme would not be eligible for receiving this scholarship. 3. On death of the subscriber during the contributory phase (less than 60 years), the available contributions of the subscriber and the governments co-contribution along with accrued earnings on such contributions shall be transferred to the nominee of the subscriber. And also the insurance benefit would be transferred to the nominee. 4. On death of the member during the pension payout phase (60+ years), the available contributions of the subscriber and the governments co-contribution along with accrued earnings shall be transferred to the nominee of the subscriber.

5. Aam Aadmi Bima Yojana

6. 7. Objective and purpose 8. Aam Aadmi Bima Yojana(AABY), Government of Indias Group Insurance scheme implementing in the state of Andhra Pradesh through Department of rural development for the benefit of 38.00 lakh rural landless agricultural laborers from 31st March, 2008 and 17.67 lakhs members are covered with the funds from MGNREGS upto 31.03.2013. Thus a total of 56.67 lakh members are covered under the scheme in the year 2012-13 9. Premium: 10. Under this group insurance scheme, for a premium of Rs.320 per member, is shared by the Government of India and the State Government on 50:50 basis. LIC of India has enhanced the premium from Rs. 200 to Rs. 320 per member from 1st April, 2010 due to high and adverse claim ratio reported for the year 2008-09 and 2009-10 in the State under the scheme. 11. Benefits 12. The Life Insurance Corporation of India (LIC) provides insurance cover of Rs.30,000 for natural death, Rs.75,000 for accidental death, Rs. 37500/- for permanent partial disability and Rs. 75000/- for permanent total disability due to accident. A free add-on scholarship benefit for the children of the members of AABY is provided under the scheme. A scholarship at the rate of Rs. 100/- per month will be given to maximum two children studying between 9th to I2th Standard. This scholarship, however, is payable half yearly - on 1st July and on Ist January, each year. 13. All the enrolled members details digitized and developed web based monitoring system for providing quick and quality services to the enrolled members in a transparent effective manner.

Jana Sree Bima Yojana

Eligibiliy All the SHG women who are covered under Abhaya Hastham are eligible in this scheme. Premium:

Total premium is Rs.150/- of which Rs.75/- is paid by GOI and the remaining Rs.75 is deducted by LIC from the contribution made under Abhaya Hastham scheme. Each member shall pay Rs.15/- towards service charges to respective Zilla samakhyas in addition to the premium mentioned above.

Benefits

For natural death Rs.30,000/For Accidental death Rs75000/For permanent total disability Rs.75,000/For permanent partial disability Rs.37,500/Under Shiksha Sahayog Yojana, a student study scholarship benefit of Rs.100 per month is provided for the children of the JBY members, studying between 9th and 12th standard including ITI.

Loan Insurance

The Self Help Groups in the State of Andhra Pradesh have created a history by covering about 95% of the rural BPL households. They have transformed themselves as a strong self managed front line Community Based Development-Oriented Financial Institutions. The key functions of those CBOs are social and financial intermediation on one hand and community development on the other hand with an emphasis on sustainable livelihoods. Over a period of 4 years an amount of Rs. 12000 Crores has been given as under the SHG Bank Linkage Program with Pavalavaddi. In the light of bank linkage program with Pavalavaddi huge amount of money is transacted by the SHG members in the name of total financial inclusion covering even the swapping of old debts. AP leads in SHG Bank Linkage Program with 35% of all bank loans given to SHGs in India. The bankers of AP comfortable and are testifying that the recovery rate is 99%. In this back drop, as a natural evolution of their financial inclusion, SHG women evinced interest in insuring the loans taken by the members from the Commercial Banks or from their own federations as a safety net against financial risks in the event of natural and accidental mishaps, to protect their children or family members from debt traps. Objective

To protect the family members of an SHG member for financial risks, in the event of her death To safeguard the institution of SHG from repayment burden, when a borrowing members dies To ensure the perpetuity of the SHG, providing loan insurance to all the borrowing members To ensure 100% repayment at all levels even in the turbulence time and to increase the size of loans to SHG members, by creating a confidence among the Bankers.

Conditions and premium

All SHG women taken SHG Bank linkage Age between 18 to 69 years Premium @ Rs. 4/- per every Rs. 1000/- Sum Assured amount

Benefits In the event of unfortunate event resulting in death of the member, the claim amount will be used to repay her outstanding and also payoff her loan installments paid till that day.

Cattle Insurance
Livestock is the primary livelihood activity as well as asset for resource poor households in rural AP. In addition to that, more than 40 percent of rural credit flow is towards supporting the livestock sector and hence managing the risks within the sector is very critical. Moreover, a substantial amount of the loans transacted among the SHG members are for the purpose of purchase of Milch animals. The untimely loss due to death of an animal, which they consider as a source of income, is rendering the SHG women helpless with regard to loan repayments. The livestock insurance leverages on the capacities built in the community to manage insurance schemes as in the case of insurance against death and disability. Objective As the livestock insurance is protecting the loans of the poor, it would make the community to stretch the ability of the poor for enhanced asset-creation for continuous livelihoods through livestock insurance.

Eligibility All the cattle of the SHG women, which have at least once been pregnant. Benefits

Premium at Rs 4.5 per 100 of the cost of the animal for 3 years ( If Transit Insurance required an additional premium of Rs 0.1 per 100) United India Insurance Company agreed to adopt the simple claim settlement process by allowing Zilla Samakhya to settle the claim 1st and then to refer the claim to United India Insurance for reimbursement of the same within 7 days.

Swavalamban Co-contributory Pension Scheme

The Union Budget, 2010-2011, announced Swavalamban, a new initiative, to encourage people from the unorganised sector to save for their retirement voluntarily. This is to be administered by the Interim Pension Fund Regulatory and Development Authority (PFRDA). It is expected that about 10 lakh NPS subscribers of the unorganised sector would benefit from the scheme.. Eligibility

Family members of SHG members and people from the unorganised sector. The member should be in the age group of 18 -50 years.

Premium Non members who wish to join and those who are not a part of any statutory pension scheme of the Government shall contribute between Rs. 1000 and Rs. 12000/- per annum, and the Central Government shall contribute Rs. 1000 per annum to such subscribers. This contribution by the Central Government shall be available for the current financial year and three years thereafter. Benefits The contributions of the subscribers under Swavalamban would be collected by agencies, such as, Government agencies or NGOs, in flexible instalments on monthly or quarterly basis. The contributions of subscribers would be invested in the financial instruments and the returns and the contributions would be used to build the pension corpus of the subscribers. The subscriber could be eligible to get pension from a life insurance company at age 60 by using 40% of the pension corpus. However, if the amount of pension corpus is not sufficient to get a minimum amount of pension of Rs. 1000 per month, then the percentage of pension corpus would be increased so that the pension amount becomes Rs. 1,000 per month, failing which the entire pension corpus would be used to get pension