LIC’s Bima Sakhi Yojana Launched by PM Modi: A Boost for Women’s Financial Security

Prime Minister Shri Narendra Modi today launched the ‘Bima Sakhi Yojana’ of Life Insurance Corporation (LIC) in Panipat, Haryana, reinforcing his commitment to women empowerment and financial inclusion. During the event, he also laid the foundation stone for the Main Campus of Maharana Pratap Horticultural University in Karnal. 

Addressing the gathering, Shri Modi emphasized that India is taking another significant step towards empowering women. He noted that the 9th day of the month is considered auspicious in Indian scriptures, associated with the nine forms of Nav Durga worshipped during Navratri, making it a fitting day to celebrate Nari Shakti.

The Prime Minister recalled that the first meeting of the Constituent Assembly was held on December 9th, and as India celebrates 75 years of the Constitution, this date inspires us to strive for equality and holistic development.

Shri Modi praised Haryana as a land of great ethical and religious knowledge, especially during the International Gita Jayanti Mahotsav in Kurukshetra. He expressed his respect for the land of Gita and greeted the patriotic people of Haryana, commending them for adopting the mantra ‘Ek hain to Safe hain,’ which has become an example for the entire country.

Expressing his deep connection with Haryana, the Prime Minister thanked the people for electing his government for the third consecutive term. He highlighted the state’s progress, noting that thousands of youths have secured permanent jobs without corruption. Shri Modi also thanked the women of Haryana for their support and congratulated them on the launch of the Bima Sakhi scheme, which provides employment opportunities for women.

Reflecting on the success of the Beti Bachao, Beti Padhao campaign launched from Panipat, Shri Modi noted its positive impact in Haryana and across India. He remarked that the Bima Sakhi Yojana, launched today, will further empower women and symbolize Panipat as a beacon of women power.

Highlighting India’s goal of becoming a developed nation by 2047, Shri Modi emphasized the importance of harnessing the energy of every class and region. He identified Nari Shakti, represented by women self-help groups and various ‘Sakhi’ initiatives, as a crucial source of energy for achieving this vision.

The Prime Minister stressed the need to provide ample opportunities and remove obstacles to empower women. He highlighted the government’s efforts to open up jobs previously forbidden for women, noting that Indian daughters are now serving in the front lines of the army, becoming fighter pilots, joining the police force, and leading corporate companies. He also mentioned the significant role of women-led producer associations and cooperative societies in agriculture and cattle rearing.

Shri Modi emphasized that the foundation of the Bima Sakhi programme is based on years of hard work. He expressed pride in the 30 crore women accounts opened under the Jan Dhan Yojana, ensuring that subsidies reach the responsible hands of families. He lauded the role of Bank Sakhis in providing banking services in every village and teaching people about saving and loans.

The Prime Minister announced the campaign to make lakhs of women insurance agents or Bima Sakhis, aiming to provide employment opportunities to 2 lakh women. He highlighted that girls who have completed their class 10 will receive training and financial support under the Bima Sakhi Yojana. Shri Modi noted that Bima Sakhis will earn a substantial income, contributing to their families’ financial stability.

Shri Modi emphasized the broader impact of Bima Sakhis, aiming for ‘Insurance for All’ to ensure social security and eradicate poverty. He highlighted the success of Pradhan Mantri Jeevan Jyoti Bima and Pradhan Mantri Suraksha Bima Yojanas, which have insured over 20 crore people and provided significant claim amounts.

The Prime Minister concluded by praising the transformative role of women self-help groups in India’s rural economy. He highlighted the government’s support for these groups, which have empowered 10 crore women and received over 8 lakh crore rupees in assistance. Shri Modi lauded the extraordinary contributions of women in making India the third-largest economic power and strengthening social harmony and justice.

Shri Modi also recounted his announcement to make 3 crore Lakhpati Didis, with over 1 crore 15 lakh women already earning more than one lakh rupees annually. He noted the support from the Namo Drone Didi Yojana, transforming agriculture and women’s lives in Haryana.