The Post-Graduate Department of Commerce of Teresian College, Mysuru, took part in the recently concluded Micro-Insurance Awareness and Enrollment Mission (MAEM), an initiative of the Department of Studies in Commerce, University of Mysore (UoM), Mysuru, as part of the centenary celebrations of the University. The activities of the Mission were carried out from July 1, 2015 to June 7, 2016.
The objectives of the mission were to create awareness amongst the rural masses and to enroll them to various government sponsored micro-insurance schemes besides, promoting financial inclusion. Micro-insurance schemes like Yashaswini, Vajpayee Arogyashree, Rashtriya Swasthya Bima Yojane, Pradhan Mantri Suraksha Bima Yojane, Pradhan Mantri Jeevan Jyothi Bima Yojane and Modified National Agriculture Insurance Scheme (crop insurance) were considered for the research study.At the college level, the activities of the mission were carried out under the guidance of Dr P M Shiva Prasad, assistant professor, Post-Graduate Department of Commerce, Teresian College.
The Post-Graduate Department of Commerce, Teresian College has adopted seven villages – Kiralu, Mosambayanahalli Grama Panchayathi; Sarakari Uttanahalli, Hosahundi Grama Panchayathi; Devalapura, Devalapura Grama Panchayathi; Kumbarahalli, Devalapura Grama Panchayathi; Koodanahalli, Someshwarapura Grama Panchayathi; Lalithadripura, Alanahalli Grama Panchayathi, all in Mysuru taluk and Sarvamanya Hosakote, Sarvamanya Hosakote Grama Panchayathi, Nanjanagud taluk.Door-to-door awareness campaign was conducted successfully in all the adopted villages and a total of 231 villagers were enrolled to Pradhan Mantri Suraksha Bima Yojane (PMSBY). Documentation and bank related formalities were carried out by the student volunteers. The mission was partly funded by the UoM.