serp.telangana.gov.in Abhaya Hastham Indira Kranthi Patham Pension & Insurance Scheme For SHG Women

Organisation : Government Of Telangana
Facility : Abhaya Hastham IKP(Indira Kranthi Patham) Pension & Insurance Scheme For SHG Women
Applicable State : Telangana

Home Page :http://www.serp.telangana.gov.in/AHTG/#

SERP Telangana Abhaya Hastham Pension

Government has undertaken comprehensive eradication of poverty in rural and urban areas through the Indira Kranthi Patham programme. As a part of the programme SHGs (Self Help Groups) are formed in order to develop, strengthen, and empower the women.

Related : SERP Telangana Indira kranthi Patham : www.statusin.in/993.html

Objectives of the Scheme :
** To provide the SHG women a dignified life in their old age.
** To provide income security for the SHG women at an age when their earnings from livelihoods reduce considerably.
** To provide financial assistance to the bereaved family members in the case of premature death of the member.

Eligibility for the Scheme :
** All Indira Kranthi Patham (IKP) recognized SHG women, from rural and urban areas.
i. Between ages of 18 years and 60 years
ii. As a onetime dispensation, members above 60 years are eligible this year.
** Should be a currently active SHG member and been a member for atleast a year (SHG member by 1/12/2008).
i. Should have attendance of 80%
ii. Should have contributed minimum 80% of thrift in the last year.
** Holder of white ration card.
** The SHG should recommend the case of the member and certify the age of the member through a resolution.

Conditions of the Scheme :
** the SHG women have to opt for the Scheme and shall apply to the SHG.
** Member can make a minimum contribution of Re. 1 per day and government would co-contribute Re. 1 per day.
** Contribution is on annual basis for the first time joiners, it is to be paid at the beginning of the each year by depositing the amount into respective pension account bank.
** A subscriber who crosses 60 years of age and has fulfilled the prescribed conditions shall be entitled to receive a monthly pension.
** Members above the age of 50 years, along with their regular contribution, will have to ensure that they contribute minimum of 10 years worth contribution (Rs 3650) by the age of 60, so as to become eligible to draw pension.

Benefits of the Scheme

** 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.(refer annexure– )
** All women between 18 to 59 years would be eligible for life insurance cover up to
i. A sum of Rs. 30,000 in case of natural death
ii. Rs. 75,000 in case of Accidental death
iii. Rs. 75,000 for permanent disability
iv. Rs. 37,500 for partial disability

v. Scholarship of Rs. 1200 per annum for their children, studying 9th, 10th classes, intermediate and Industrial Technical Institute (ITI).
vi. Members who are already receiving scholarships for their kids from LIC under any other scheme would not be eligible for receiving this scholarship.

c. 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.

d. 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.

FAQ On SERP Telangana Abhaya Hastham Pension

Sure, here are some FAQ on SERP Telangana Abhaya Hastham Pension:

What is Abhaya Hastham Pension?
Abhaya Hastham Pension is a pension scheme for Self-Help Group (SHG) women in Telangana. It was launched in 2009 by the Government of Telangana to provide income security to SHG women in their old age.

How to apply for Abhaya Hastham Pension?
To apply for Abhaya Hastham Pension, you need to contact the SERP Telangana office in your district. You will need to submit the following documents:

** A passport-size photograph.
** A copy of your Aadhaar card.
** A copy of your PAN card.
** A copy of your bank account details.
** A copy of your SHG registration certificate.

How much is the Abhaya Hastham Pension?
The Abhaya Hastham Pension is Rs.500 per month for women who are 60 years of age or above. The pension amount will increase by Rs.100 every year, up to a maximum of Rs.2,200 per month.