By Our Staff Reporter
Dehradun, 16 Oct: The Uttarakhand Government has signed an MoU with 5 public sector banks for grant of corporate salary package to the state government employees. The MoU was signed today at the Secretariat in the presence of Chief Minister Pushkar Singh Dhami and Finance Minister Prem Chand Aggarwal. Under the corporate salary package, certain benefits are likely to accrue to the state government employees on the lines of corporate sector employees.
These banks are State Bank of India, Bank of Baroda, Union Bank, Canara Bank and Cooperative Bank. The government has claimed that about 64 percent of the state’s government personnel with salary accounts in these public sector banks will benefit from this contract. The state government, under the leadership of Chief Minister Dhami, decided on this contract to prioritise the interests of government personnel. The CM today expressed hope that all these banks will continue to work to make the corporate salary package more beneficial for the employees. He also noted that government will make efforts to ensure that in the near future, 100 percent of the employees can benefit from this corporate salary package.
Under this package, the government employees having salary accounts in the five banks in question, will be provided with personal insurance cover and other financial benefits. Under this, in the event of accidental death, total or partial disability of the personnel, their dependants will receive compensation and other benefits without paying any premium.
As per the agreement signed between the State Government and these five banks, in the unfortunate event of the death of any personnel, the insurance coverage will provide financial assistance to their family, ranging from Rs 30 lakh to Rs 1 crore. In case of total disability, financial assistance will be made available at the rate ranging from Rs 30 lakhs to Rs 50 lakhs, and in case of partial disability, financial assistance will be provided at the rate ranging from Rs 10 lakh to Rs 40 lakhs. Additionally, a provision has also been incorporated regarding financial assistance for future needs of the beneficiary families like medical treatment, ambulance facility, children’s education, and marriage of daughters even in case of natural death of the employees. In the case of the natural death of personnel, the bank will also provide a contribution of Rs 3 lakhs to Rs 10 lakhs to help their dependants.
On this occasion, Chief Secretary Radha Raturi, Additional Chief Secretary Anand Bardhan, Principal Secretary RK Sudhanshu, Secretary Dilip Jawalkar, Additional Secretary Manmohan Mainali, Treasury Director Dinesh Lohani, SBI General Manager Deepesh Raj, Deputy General Manager Vinod Kumar, Bank of Baroda General Manager M Anil, Union Bank General Manager Amarendra Kumar, Canara Bank Assistant General Manager Mayank Mohan Kaushik, Neeraj Belwal from Cooperative Bank, and Rajiv Pant from State Level Bankers Committee were also present.
