Uttarakhand Government Partners with Major Banks for Employee Benefits
In Dehradun, Uttarakhand, a significant agreement was signed in the presence of Chief Minister Pushkar Singh Dhami and Finance Minister Premchand Aggarwal. The State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank, and District Cooperative Bank have partnered with the Uttarakhand government to offer a corporate salary package and other benefits to government employees.
This agreement aims to benefit approximately 64% of the state’s government personnel who have salary accounts with these banks. The Chief Minister emphasized the importance of this contract for the welfare of government employees and expressed hope for future enhancements to the package.
The package includes personal insurance cover and financial benefits for account holders. In unfortunate events such as accidental death, total disability, or partial disability, the dependents of the personnel will receive compensation without any premium. The financial assistance ranges from Rs. 30 lakh to Rs. 100 lakh for death, Rs. 30 lakh to Rs. 50 lakh for total disability, and Rs. 10 lakh to Rs. 40 lakh for partial disability.
Additional benefits include financial assistance for medical treatment, ambulance services, children’s education, and marriage expenses. In cases of natural death, the banks will contribute Rs. 3 lakh to Rs. 10 lakh to support the dependents.
Doubts Revealed
Uttarakhand -: Uttarakhand is a state in northern India, known for its beautiful mountains and pilgrimage sites.
Chief Minister -: The Chief Minister is the head of the government in an Indian state, similar to a principal in a school but for the whole state.
Pushkar Singh Dhami -: Pushkar Singh Dhami is the current Chief Minister of Uttarakhand, responsible for making important decisions for the state.
State Bank of India -: State Bank of India, or SBI, is the largest bank in India, where people can save money, get loans, and do other banking activities.
Bank of Baroda -: Bank of Baroda is another big bank in India, offering similar services like saving money and providing loans.
Union Bank of India -: Union Bank of India is a government-owned bank in India, providing financial services to people and businesses.
Canara Bank -: Canara Bank is one of the oldest banks in India, offering banking services like savings accounts and loans.
District Cooperative Bank -: District Cooperative Banks are local banks in India that help people in rural areas with banking services.
Corporate salary package -: A corporate salary package is a special set of benefits given to employees, like extra money or insurance, to make their job more rewarding.
Insurance cover -: Insurance cover is a protection plan that gives money to people or their families if something bad happens, like an accident.
Accidental death -: Accidental death means when someone dies because of an unexpected event, like a car accident.
Disability -: Disability is when someone is unable to do certain activities because of a physical or mental condition.
Compensation -: Compensation is money given to someone to help them after a loss or injury, like if they can’t work because of an accident.
Rs. 10 lakh to Rs. 100 lakh -: Rs. 10 lakh to Rs. 100 lakh is a range of money, where 1 lakh is equal to 100,000 rupees, so it means from 10,00,000 to 1,00,00,000 rupees.
