Question 4047

Which state signed an MoU with SBI and UBI to provide insurance benefits to its state government employees in January 2025?

Answer

Assam

Why?

The correct answer is Assam. In News On January 1, 2025, the Government of Assam signed an MoU with the State Bank of India (SBI) and Union Bank of India (UBI) to offer insurance benefits to state government employees. The agreement aims to provide zero-premium insurance coverage and additional benefits to over four lakh permanent state government employees. The decision was made during a cabinet meeting in North Lakhimpur, Assam. The Assam Finance Department has been authorized to collaborate with Scheduled Commercial Banks (SCBs) for implementation. Key Points Assam signed an MoU with SBI and UBI for insurance benefits to state employees. Zero-premium insurance coverage will be provided to over four lakh permanent government employees. The initiative was approved in a cabinet meeting held in North Lakhimpur, Assam. A Standard Operating Procedure (SOP) is being prepared for smooth implementation. Additional Information Assam Capital - Dispur Chief Minister - Himanta Biswa Sarma Governor - Lakshman Prasad Acharya Major Rivers - Brahmaputra, Barak State Bank of India (SBI) Founded - 1955 Headquarters - Mumbai Chairman - C S Shetty Largest public sector bank in India Union Bank of India (UBI) Founded - 1919 Headquarters - Mumbai MD & CEO - A. Manimekhalai One of India’s leading public sector banks