State Schemes for MSMEs
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Scheme Name: Scheme for Social Security for MSMEs
State: Kerala
Description of the Scheme: There will be approximately one lakh entrepreneurs eligible to be insured. Scheme will be a combination of Government of India?s Social Security Pradhan Manthri Jeevan Jyothi Bima Yojana (SSPMJJBY) and Group Insurance Scheme of Life Insurance Corporation of India.
Target group :
Sector of the Scheme:
Eligibility Criteria:
Nature & Mode of Assistance: Benefits will as shown below:
|
Sl. No. |
Event |
Claim amount |
|
|
1 |
Death due to accident |
Rs.4,00,000 |
|
|
2 |
Normal death |
Rs.2,00,000 |
|
|
3 |
Partial disability |
Rs.1,00,000 |
|
|
4 |
Permanent disability |
Rs.2,00,000 |
In addition to above lives cover, on death to the tune of Rs.5,000 will be released on funeral expenses. This benefit is extended as a standalone Group Insurance Scheme along with Social Security Scheme.
"Financial Information (Subsidy, low interest rate, etc.)":
"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":
How to apply: Guidelines for Scheme for Social Security for MSMEs
Whom to Contact: Department of Industries, Government of Kerala