aaby.telangana.gov.in Bonds Confirmation Status : Community Managed Micro Insurance

Name of the Organization : Community Managed Micro Insurance
Type of Facility : Bonds Confirmation Status
Location : Telangana

Website : http://www.aaby.telangana.gov.in/

Telangana Community Managed Micro Insurance :
Micro-insurance is the provision of insurance to low-income households. Poor households are especially vulnerable to risk, both in the form of natural calamities as well as more regular occurrences of illness and accidents. Self Help Groups and their federations play an active role in reducing or protecting against this vulnerability through providing savings services to build up resources that can be drawn down in cases of credit for increasing income earning opportunities and through providing of emergencies. However, such events still translate into crisis for many poor households and erode the economic gains they have made as members of Self Help Groups. Credit and savings services are inadequate when households are exposed to risks which cause losses that are beyond their means. Miro-Insurance can serve as a promising response to such members’ needs.

The principal objective of SERP is to promote Self Managed Institutions of the Poor through Self Help Group across the State of Telangana. The key functions of the CBOs promoted by SERP are financial intermediation, social intermediation and community development through sustainable livelihoods promotion. SERP strongly believes in the assumption that the poor have the potential to come out of poverty, provided that timely facilitation is ensured by the Government. In order to harness the potential of the poor are organized to form Self Help Groups at district level through DRDA. The process of institution building has it that at village level all the poor women are formed into SHGs, all the SHGs are incorporated under Telangana Mutually Aided Cooperative Societies Act 1995 as “Village Organizations (VO), all the Village Organizations are federated under the same Act as Mandal Samakhyas (MS) at Mandal (Block) level and all the Mandal Samakhya are further confederated at District level as Zilla Samakhyas (ZS). Village Organizations are the front-line self-managed Community Based Organizations for economic and social betterment of the community. All the development activities of SERP are carried out in and around the CBOs. The activities and programs are shouldered by the Zilla Samakhyas with the active participation of all the stakeholders.

Bonds Confirmation Status :
1.AABY Bonds Confirmation Status
2.Rural JBY Bonds Confirmation Status
3.JBYPWD Bonds Confirmation Status
4.Cattle Insurance Bonds Confirmation Status

Check Status Here : http://www.aaby.telangana.gov.in/bondsconfirm.aspx