Finance Minister Nirmala Sitharaman has said that the government plans to appoint 2 lakh Bima Sakhis or insurance agents over the next three years.

Addressing a function to launch ‘Bima Sakhi Yojana’ in Panipat, Ms Sitharaman said, 25 thousand Bima Sakhis will be appointed this year. Finance Minister said, each woman’s insurance agent volunteer will receive a stipend of 7,000 rupees per month in the first year, 6,000 rupees per month in the second year, and 5,000 rupees per month in the third year.

Prime Minister Narendra Modi yesterday launched the ambitious Bima Sakhi Yojana at a function in Panipat, Haryana. The ‘Bima Sakhi Yojana’ initiative by the Life Insurance Corporation of India (LIC) aims to empower women aged 18-70 years, who have completed Class 10.

Ms Sitharaman said the Central government under the leadership of Prime Minister Narendra Modi is implementing several schemes which are aimed at empowering women. Finance Minister said in this year’s Budget, 3.3 lakh crore rupees have been earmarked for women-related schemes in the country.