Co Operative Handloom Weavers Family Pension

Co-operative Handloom Weaver's Family Pension Scheme, 1991 guarantees monthly pension to the weaver's family members in case of the demise of a weaver. The scheme came into action from 1st January 1992 and is applicable, if a weaver dies before attaining 60 years of age. Co-operative Handloom Weaver's Family Pension scheme is valid up to 2020. The money is funded by the State Government to the concerned family.

Eligibility

The eligibility criteria of this scheme are as follows.

The weaver should be a member of the Weavers Co-operative Society for at least 2 years.
There should not be any defaults in payment to the Co-operative Handloom Weavers Savings and Security Scheme for a period of 6 months.
The weaver should not be more than 60 years of age.
The weaver should have accomplished 75% of the production level of the average annual production in linear meters for the society.
The death of the weaver should have occurred only due to natural causes or due to unexpected accidents.
The fund will be given to the nominee of the weaver, and if the nominee dies before the weaver, a fresh nominee will be appointed.

Benefits

On the demise of the weaver, the family receives a pension amount of Rs. 550 every month for the next ten years from the date of death of a weaver.
To avail the pension amount, there is no requirement to pay a monthly premium to the scheme.
This scheme benefits all the workers who work in handlooms, textile, khadi, and handicrafts.

Application Form

To receive an application form for this scheme, a family member has to approach the Director of Handloom Weaver's Co-operative Society after the demise of the weaver. The Director is responsible for issuing the application form and informing the higher authorities.

Required Documents

The following documents are required to apply for the scheme.

The application form has to be duly completed.
Ration Card.
Death Certificate.
Birth Certificate of the expired weaver.
Identity Card of the expired weaver which is issued by the Handloom Weaver's Co-operative Society.

Disbursement of Family Pension

It is mandatory for all recipients under this scheme to open a savings account in the nearest Post Office to receive the pension amount from the Assistant Director of Handlooms and Textiles. The money would be transferred to the account before 10th of a given month. The Assistant Director of Handlooms and Textiles conducts physical verification of the pensioners and their passbooks and furnishes the

life certificate to the Authorised Officer before 31st of March.

Constitution of the Fund

The Co-operative Handloom Weaver's Family Pension Scheme fund comprises of:

The contributions made by the Government.
The deposits made by the Primary Co-operative Societies that are related to the scheme.
The subscription made by the members under this scheme.
Other contributions.

Contact Person

For additional information about this scheme, one can contact either of the two entities specified below.

Director of Handloom Weavers' Co-operative Society.
Handloom, Textile, Handicraft and Khadi Department.

Back to Learn

Frequently Asked Questions

Common questions about Co.

The Co-operative Handloom Weavers Family Pension Scheme, 1991 is a government scheme that provides a monthly pension to the family members of a weaver in case of the weaver's demise before attaining the age of 60 years. The scheme was introduced on January 1, 1992, and is valid until 2020.

To be eligible for the scheme, the weaver must have been a member of the Weavers Co-operative Society for at least 2 years, with no defaults in payment to the Co-operative Handloom Weavers Savings and Security Scheme for 6 months. Additionally, the weaver should have achieved 75% of the average annual production level in linear meters for the society and died due to natural causes or unexpected accidents.

Under the scheme, the family of the deceased weaver receives a monthly pension of Rs. 550 for the next ten years from the date of the weaver's death. There is no requirement to pay a monthly premium to avail of this pension.

After the weaver's demise, a family member must approach the Director of the Handloom Weavers Co-operative Society to obtain an application form. The Director is responsible for issuing the form and informing the higher authorities.

The required documents include a duly completed application form, ration card, death certificate, birth certificate of the deceased weaver, and the identity card issued by the Handloom Weavers Co-operative Society.

Recipients must open a savings account in the nearest Post Office to receive the pension amount, which is transferred by the Assistant Director of Handlooms and Textiles before the 10th of each month.

The Assistant Director of Handlooms and Textiles conducts physical verification of the pensioners and their passbooks and furnishes a life certificate to the Authorized Officer before March 31st of each year.

The fund comprises contributions made by the government, deposits made by Primary Co-operative Societies related to the scheme, subscriptions made by members under the scheme, and other contributions.

For additional information about the scheme, one can contact either the Director of the Handloom Weavers' Co-operative Society or the Handloom, Textile, Handicraft and Khadi Department.

The Co-operative Handloom Weavers Family Pension Scheme is valid until the year 2020.