Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh (A.P.,) on the 31st of March, released financial assistance under the YSR Bima Scheme.
Under the YSR Bima Scheme, families of Andhra Pradesh who lost their bread earner due to natural disaster would get financial assistance from the Government of Andhra Pradesh. The launch event was held at the Yuvajana Sramika Rythu Congress Party (YSRCP) Tadepalli camp office. Y.S. Jagan Mohan Reddy deposited an amount of Rs. 254 crores for the scheme, which would be distributed to 12,039 families in Andhra Pradesh.
The YSRCP ministers, Members of Parliament (MPs,) Members of the Legislative Assembly (MLAs) and the Members of the Legislative Council (MLCs) were present at the occasion.
The Andhra Pradesh CM made a decision to pay the insurance money to the families as an appeal to humanity. Under the scheme, Rs. 2 lakhs for natural death, Rs. 5 lakh for permanent disability (18-50 years,) Rs. 3 lakhs (51-70 years) and Rs. 1.5 lakh for partial permanent disability insurance.
Jagan Mohan Reddy said, “We are treating 12,039 families with a humanitarian perspective.”
Y.S. Jagan Mohan Reddy said that despite the eligibility, families who are not registered with the banks are also eligible for the scheme. He said that the government is giving free insurance to 1.41 crore families at an annual cost of Rs. 510 crores.
For more details one can log in to bima.ap.gov.in website.
