Bima Sakhi Yojana

• 11 Dec 2024

Why in News? 

Recently, the Prime Minister launched the ‘Bima Sakhi Yojana’ of Life Insurance Corporation in Panipat, Haryana. During the occasion, he also laid the foundation stone of the Main campus of Maharana Pratap Horticultural University, Karnal.

Key Points

• Bima Sakhi Yojana: 
  • It is designed for women aged 18-70 years, focusing on financial literacy and insurance awareness. 
  • It includes training and a stipend for three years, with opportunities to become LIC agents or Development Officers and create employment for 2 lakh women. 
  • It will strengthen the mission of "Insurance for All," promoting social security and eradicating poverty. 
• Maharana Pratap Horticulture University: 
  • It is spread over 495 acres, featuring research stations, a College of Horticulture, and five schools. 
  • It aims to diversify crops and promote world-class horticulture technologies. 
• During the event the PM also highlighted: 
  • Beti Bachao, Beti Padhao campaign launched from Panipat, contributed to saving the lives of thousands of daughters in the last decade. 
  • Highlighted various initiatives for women, including: 
    • Training women as Bank Sakhis, Insurance Sakhis, and Krishi Sakhis. 
    • Increasing maternity leave to 26 weeks. 
    • Introducing programs like Jan Dhan Yojana for financial inclusion, with 30 crore women benefitting. 
  • He emphasized Self Help Groups (SHGs) as a cornerstone of rural economic transformation, with over 10 crore women associated. 
  • Highlighted achievements like the Lakhpati Didi Campaign which has enabled 1.15 crore women to earn over Rs 1 lakh annually. 
  • He highlighted the transformation brought by Jan Dhan Yojana, ensuring direct transfer of benefits from schemes like: 
    • Kisan Kalyan Nidhi. 
    • Sukanya Samriddhi Yojana. 
    • Funds for housing and small businesses.

Beti Bachao, Beti Padhao Scheme

• About: 
  • The Scheme was launched by the Prime Minister on January 22, 2015 to address the declining Child Sex Ratio (CSR) and related issues of women’s empowerment over a life-cycle continuum. 
  • It is a Tri-ministerial effort of the Ministries of Women and Child Development (MW&CD), Ministry of Health & Family Welfare (MH&FW), and Ministry of Education. 
• Main Objectives: 
  • Prevention of gender-biased sex-selective elimination. 
  • Ensuring survival & protection of the girl child. 
  • Ensuring education and participation of the girl child. 
  • Protecting rights of Girl children.