Pulinaharani Village in Assam: 2nd in India to have full life insurance coverage
Place in NEWS: Pulinaharani Village
- Pulinaharani under Narayanpur Revenue Circle in Lakhimpur district, Assam became the 2nd village in India to have full life insurance coverage. The village achieved this accomplishment under the Ministry of Finance’s Financial Inclusion plan which is being carried out by various Banks in affiliation with insurance companies. 625 people of 201 families of Pulinaharani have been covered under the horizon of insurance facilities.
Assam Grameen Bikash Bank
- It is the 2nd instance of the Narayanpur branch of the Assam Grameen Bikash Bank. Earlier being the Rangati Misamara Village.
Rangati Misamara Village:
- In January 2012, Rangati Misamara became the first village in the India achieve the status of being the first village in India to have 100% Insurance coverage (for 18-65 years age group). All the adult villagers of 18-65 years age group had been covered under Financial Inclusion programme.
The Financial Inclusion programme was initiated by Finance Ministry and RBI and has been carrying out over 2000 villages of Assam having a population of 2000 and above. The principal norm to gain the insurance coverage is that each villager should have a bank a/c.
Month: Current Affairs - July, 2012