Is it worth doing PGPMWE (Executive MBA) from IIM Raipur? How is it going to benefit someone who has 8-10 years of experience in a government bank?

I am unaware of your background and aspirations so I will try to answer your question generally. 

The Executive MBA program is designed in e-learning mode to facilitate Working Executives. It is indeed a good option who want to avail earn and learn at the same time. Some highlights of the program are

• The IIM brand name 
• You can continue your job alongside your MBA program which ensures a good ROI
• The learning imparted through this program helps you climb the ladder in your own organization or look for a better job outside it.
• Since you already have 10 years of experience, a full-time MBA program will be risky and offer very little placement opportunities.

So to end the discussion, I deem you to go for an Executive MBA and strive for excellence.