K-RIDE Distributes Term Insurance Certificates to 263 Project-Affected Residents in Banaswadi
In a significant move to support individuals impacted by infrastructure development, the Karnataka Rail Infrastructure Development Corporation (K-RIDE) has issued term insurance certificates to 263 project-affected people in the Banaswadi area of Bengaluru. This initiative is part of the ongoing suburban rail project, which aims to enhance connectivity across the region but has necessitated land acquisition and displacement for some residents.
Orientation Program Focuses on Skill Development and Livelihood Restoration
The distribution ceremony was held during an orientation programme on skill development and livelihood restoration at Yeshwantpur. K-RIDE Managing Director Lakshman Singh personally handed over the certificates to the beneficiaries, emphasizing the corporation's commitment to mitigating the adverse effects of the project. The event served as a platform to educate affected individuals about available support mechanisms and future opportunities.
The term insurance certificates provide financial security to the recipients, ensuring that their families are protected in case of unforeseen circumstances. This step is crucial as it addresses the economic vulnerabilities often faced by those displaced by large-scale infrastructure projects. By offering such insurance, K-RIDE aims to foster a sense of stability and reassurance among the affected communities.
Comprehensive Support for Project-Affected Individuals
Beyond insurance distribution, the orientation programme included sessions on various skill development initiatives designed to help individuals rebuild their livelihoods. Topics covered vocational training, job placement assistance, and entrepreneurial guidance. This holistic approach underscores K-RIDE's dedication to not only compensating for losses but also empowering people with the tools needed for long-term sustainability.
The suburban rail project, a key infrastructure endeavor in Karnataka, is expected to revolutionize transportation in Bengaluru and its suburbs. However, its implementation has involved acquiring land and affecting numerous households. K-RIDE's proactive measures, such as this insurance distribution, highlight a responsible approach to development that prioritizes community welfare.
- Term insurance certificates issued to 263 individuals in Banaswadi.
- Distribution led by K-RIDE Managing Director Lakshman Singh.
- Event held at an orientation programme in Yeshwantpur.
- Focus on skill development and livelihood restoration support.
- Initiative part of the broader suburban rail project in Karnataka.
This development marks a positive step in balancing infrastructure progress with social responsibility, setting a precedent for future projects in the region.
