Social Security (Jan Suraksha) Schemes PMJJBY, PMSBY and APY | UPSC PIB NEWS
Social Security (Jan Suraksha) Schemes
PMJJBY, PMSBY and APY complete eight years of providing social security cover.
Details :
To give financial security to the people from the unorganised section of the country, the GoI launched two insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) and also introduced Atal Pension Yojana (APY) to cover exigencies in the old age.
The National Mission for Financial Inclusion was launched in 2014 with the aim to ensure that every citizen in the country has access to financial literacy, banking facilities and social security coverage.
Building on this initiative three social security schemes were launched on 9th May, 2015.
Under PMJJBY, PMSBY and APY, 16.2 crore, 34.2 crore and 5.2 crore enrollments have been done respectively till 26th April 2023.
Campaigns are being organised throughout the country at each Gram Panchayat to provide coverage to eligible beneficiaries under these schemes.
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