Which state signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) and Union Bank of India (UBI) to offer insurance benefits to its government employees on January 1, 2025?

The correct answer is Assam. In News On January 1, 2025, the Government of Assam signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) and Union Bank of India (UBI) to offer insurance benefits to state government employees. Key Points The Government of Assam signed MoUs with SBI and UBI to provide zero-premium insurance coverage to over four lakh permanent state government employees . The decision was taken during a cabinet meeting held in North Lakhimpur, Assam . The Finance Department of Assam has been authorized to collaborate with Scheduled Commercial Banks (SCBs) to implement the insurance benefits. The MoUs will take effect immediately , and a Standard Operating Procedure (SOP) is being issued for smooth implementation. Additional Information Government of Assam Located in Northeast India , known for its rich culture, tea plantations, and biodiversity. Actively working towards improving employee welfare and social security through strategic partnerships. State Bank of India (SBI) India’s largest public sector bank, providing a wide range of banking and financial services . Known for its insurance and financial inclusion initiatives across the country. Union Bank of India (UBI) A leading public sector bank in India, offering services in banking, insurance, and financial management . Partnered with Assam to enhance insurance coverage for government employees . Key Features of the MoU Offers zero-premium insurance coverage for state government employees. Ensures comprehensive insurance benefits with immediate effect. Implementation guided by a Stand