Jharkhand News : The Jharkhand government has announced a major welfare initiative for its employees. State government employees, pensioners, and contractual staff who hold salary accounts with Bank of India will now be eligible for accident insurance coverage of up to ₹1 crore, while the coverage will increase to ₹2 crore in case of death due to an air accident.
The benefit was formalized through a Memorandum of Understanding (MoU) signed on Tuesday at the Jharkhand Secretariat in Ranchi between the state government and Bank of India. The agreement covers a comprehensive salary and pension account package for government employees.
The MoU was signed by Special Secretary, Finance Department Sandeep Singh and Deputy General Manager (Ranchi Zone), Bank of India Sanjeev Kumar, in the presence of Chief Minister Hemant Soren.
CM Hands Over ₹50 Lakh Assistance Cheque
On the occasion, Chief Minister Hemant Soren handed over a ₹50 lakh assistance cheque to Manju Lakra, wife of JBVNL employee Pramod Lakra, who lost his life in an accident. The assistance was provided under the Government Salary Package.
More Banks Likely to Join This Initiative
Chief Minister Hemant Soren said that banks play a crucial role in the state’s inclusive development. He expressed confidence that this initiative by Bank of India would encourage other banks to partner with the state government and contribute to Jharkhand’s development.
He emphasized that the government is fully committed to providing a better working environment and financial security to its officers and employees. As a sensitive government, Jharkhand continues to take steps to ensure the welfare of those serving the state.
Financial Security Beyond Salary and Pension
The Chief Minister described the scheme as a decisive step toward financial support during unforeseen circumstances like accidents, in addition to salary, pension, and health security. He urged banks to act as active partners in development and help extend welfare schemes to those who remain at the margins of growth.
Dignitaries Present at the MoU Signing
The MoU signing ceremony was attended by Finance Minister Radhakrishna Kishore, Chief Secretary Avinash Kumar, Development Commissioner Ajay Kumar Singh, Finance Secretary Prashant Kumar, Bank of India Executive Director Subrat Kumar, GM Guru Prasad Gaud, along with senior officials and employees.
