Srinagar, 10 May (CNI) : The three schemes Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana aim at securing human life from unforeseen events.
The government’s social security schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) – have covered over 556 million beneficiaries in eight years providing exigency support of ₹15,592 crore nearly eight lakh people under the first two insurance schemes, finance minister Nirmala Seetharaman said.
As per Monitoring Desk of Current News of India (CNI) on the eighth anniversary of their launch on Tuesday , Nirmala Sitharaman in a statement said “It is encouraging to see that these schemes are being implemented through a targeted approach to maximise their reach. Under the leadership of our Prime Minister Narendra Modi, our government is steadfastly dedicated to ensuring that the advantages of these social security schemes reach every eligible individual across the nation.”
PMJJBY, PMSBY and APY were launched by the Prime Minister on May 9, 2015 in Kolkata.
Speaking about the government’s drive to provide social security to underprivileged, the finance minister said that 16.20 crore (162 million), 34.20 crore (342 million) and 5.20 crore (52 million) enrolments have been done under PMJJBY, PMSBY and APY, respectively till April 26, 2023.
While PMJJBY provided support to 6.64 lakh families receiving claims of ₹13,290 crore, under PMSBY scheme more than 1.15 lakh families received claims for ₹2,302 crore, she said.
“For both PMJJBY and PMSBY schemes, simplification of claim process has resulted in speedier settlement of claims,” she added.
As on April 27, 2023, over 50 million people have subscribed to the APY scheme, securing income in their old age.
The three schemes aim at securing human life from unforeseen events and financial uncertainties.(CNI)