LIC signs MoU with Rural Development Ministry to promote Bima Sakhi Yojana in rural areas
Goa (Press Release) : The Life Insurance Corporation of India (LIC) has signed a Memorandum of Understanding (MoU) with the Department of Rural Development, Ministry of Rural Development, Government of India, to promote its flagship initiative Bima Sakhi Yojana across rural regions of the country. The agreement was formalised during the National Conclave on Financial Inclusion, “Anubhuti", held from July 8 to 10 in Goa.
The Bima Sakhi Yojana is a women-centric initiative that aims to empower rural women by integrating them into LIC’s insurance distribution network. The scheme offers a performance-based stipendiary agency model exclusively for women, providing them with the same benefits and privileges as regular LIC agents. As part of the program, selected Bima Sakhis receive a monthly stipend of ₹7,000 in the first year, ₹6,000 in the second, and ₹5,000 in the third year, subject to fulfillment of specific conditions.
This partnership aligns closely with the objectives of the Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM), which focuses on enhancing the income and livelihood opportunities of rural households. By leveraging this alignment, the MoU aims to strengthen financial inclusion and support long-term financial independence for women in rural India.
LIC and the Ministry of Rural Development expressed optimism that the collaboration would create new avenues for economic upliftment and foster inclusive growth in underserved areas.
Dated at Mumbai on July 21st, 2025.
For Further Information please contact: Executive Director (CC), LIC of India, Central Office, Mumbai.
Email id: ed_cc@licindia.com
Visit us at www.licindia.in
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Efforts of party cadres will be rewarded on May 4: DMK chief Stalin
Chennai (PTI): Tamil Nadu Chief Minister M K Stalin on Friday said that the efforts made by his party cadres during the Assembly elections would be rewarded on May 4.
The counting of votes for the Assembly elections held on April 23 will be taken up on May 4.
"We are set to reap the rewards of the hard work put in by our party cadres on the coming fourth (May 4 counting day). There is absolutely no change in this and not even the slightest deviation," Stalin said at a May Day event here.
"There is no need for anyone to assume that I am speaking merely on the basis of exit polls," he added.
Stalin, who is also DMK chief, said that "good news" would come for those eagerly waiting for the election results.
Stating that the DMK governance is based on philosophy and principles, Stalin said, "This will continue."
He recalled the pivotal role of the then Chief Minister C N Annadurai, who first declared May Day as a government holiday, and subsequently, late CM M Karunanidhi, who was instrumental in extending it as a paid holiday across the nation.
"Responding to the request of Kalaingnar (Karunanidhi), the then Prime Minister V P Singh accepted the plea and declared it (May 1) a paid government holiday not merely for Tamil Nadu, but for the entire nation," Stalin said.
