Ranchi, Apr 17 (PTI) The Jharkhand government signed an agreement with SBI on Thursday regarding the salary of its employees.

The Memorandum of Understanding (MoU) was signed between the Finance Department and the bank in the presence of CM Hemant Soren.

State government employees having salary accounts with the SBI will get various benefits, including accidental insurance cover of up to Rs 1 crore, health insurance, and life insurance at no additional cost, as per the agreement.

“The government is committed to the security and welfare of all its employees. Today marks the beginning of a new chapter in providing financial security to them,” Soren said, addressing the programme at the state secretariat.

Government employees play a significant role in the state’s development, serving as key contributors to policy formulation and the implementation of action plans, he said.

SBI’s Chief General Manager (Bihar Circle) KV Bangarraju said that of the 1.75 lakh state government employees, around 70,000 police personnel already get the added benefits.

“Now, the remaining 1.05 lakh employees will be getting the enhanced benefits,” he said.

The SBI operates 580 branches, 1,260 ATMs, and around 2,600 Customer Service Points (CSPs) in Jharkhand, he added. PTI SAN SAN SOM