Jharkhand-SBI Salary Package MoU: ₹1 Crore Accident Cover
Why in the news
The Jharkhand government and State Bank of India formalised an agreement to give state staff a richer salary-account package.
Key facts
| Aspect | Detail |
|---|---|
| Eligible | State government employees with SBI salary accounts |
| Benefits | Accident cover up to ₹1 crore; health and life insurance; upgraded banking services free of extra charge |
| Signed by | Rajeshwari B (Special Secretary, Finance) and Devesh Mittal (Deputy GM, SBI) |
| Witnesses | CM Hemant Soren, Finance Minister Radhakrishna Kishore, Chief Secretary Alka Tiwari, SBI CGM K.B. Bangaraju |
Chief Minister’s remarks
- Called the pact a ‘new chapter in financial security’ for staff.
- The cover will give families vital support if an employee dies in service.
- Noted growing uncertainty and the need for financial safeguards; thanked SBI for partnering in a ‘backward state like Jharkhand’.
Wider message
- Employees are central to carrying out state policy and should serve with integrity and dedication.
- The state promised a secure and respectful workplace.
Exam angle
- Parties: Jharkhand government and State Bank of India.
- Maximum accident insurance: ₹1 crore.
- Type of agreement: salary package MoU.