The Bima Sakhi Yojana of LIC has been specially designed to empower women between the age groups of 18 and 70 years, who are Class 10th pass.

Prime Minister Narendra Modi on Monday, December 9, launched the ‘Bima Sakhi Yojana’ of the Life Insurance Corporation of India (LIC), in line with his commitment towards women empowerment and financial inclusion.

The key initiative was launched in Haryana’s Panipat city.

What is Bima Sakhi Yojana?

The LIC scheme has been specially designed to empower women between the age group of 18 and 70 years, who have passed Class 10th.

The eligible women will be provided specialised training and a stipend for the first three years. This will promote financial literacy and insurance awareness, read a statement from the Prime Minister’s Office.

Women empowerment is the big focus of Viksit Bharat 2047 and over Rs 3 lakh crore have been allocated in budget FY25 for women.

As many as 25,000 women will be designated Bima Sakhis. Once the training is over, they will be allowed to serve as LIC agents, while the graduate Bima Sakhis would stand a chance to qualify for being considered for LIC Development Officer roles.

The Bima Sakhis will also receive a monthly stipend of Rs 7,000 in the first year, Rs 6,000 in the second and Rs 5,000 in the third year.

During the event, Prime Minister Modi also distributed appointment letters to the prospective Bima Sakhis.

The plan is to appoint 2 lakh Bima Sakhi over three years.

Earlier in the day, PM Modi reaffirmed the central government’s focus on the empowerment of women and noted that Bima Sakhi Yojana’s launch is an important step in this continued effort.

“We are committed to the empowerment of mothers, sisters and daughters across the country. In this series, I will get the opportunity to launch the Bima Sakhi Yojana in Panipat, Haryana at around 2 pm today. During this time, I will also lay the foundation stone and inaugurate many other projects,” he wrote on X.

देशभर की माताओं-बहनों और बेटियों के सशक्तिकरण के लिए हम प्रतिबद्ध हैं। इसी कड़ी में आज दोपहर बाद करीब 2 बजे हरियाणा के पानीपत में बीमा सखी योजना की शुरुआत का सुअवसर मिलेगा। इस दौरान कई और परियोजनाओं का शिलान्यास और लोकार्पण भी करूंगा।https://t.co/KcBMt7fFry

— Narendra Modi (@narendramodi) December 9, 2024

Other projects launched by PM Modi

At the programme in Panipat, the Prime Minister also laid the foundation stone for the main campus of the Maharana Pratap Horticultural University, Karnal.

It must be noted that the main campus as well as six regional research stations that spread over 495 acres are set to be established at a cost of more than ₹700 crore.

The Maharana Pratap Horticultural University will soon have one college of horticulture for graduate and post-graduate studies, besides five schools covering 10 horticulture disciplines.

These projects will help in crop diversification along with world-class research for innovations in horticulture technologies.