Jan Suraksha Schemes (PMSBY, PMJJBY, APY) Complete 11 Years: Milestones in Social Security
Government's flagship social security schemes mark 11 years of providing financial protection to citizens.
Source: GNews PM SchemeThe Indian government's three major social security schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY), have successfully completed 11 years since their launch. These schemes, collectively known as Jan Suraksha schemes, were introduced on May 9, 2015, to provide affordable insurance and pension coverage to the unorganised sector and economically vulnerable sections of society. They aim to ensure financial inclusion and offer protection against life risks and old-age income insecurity, significantly expanding Ind
- The Jan Suraksha schemes (PMSBY, PMJJBY, APY) were launched by the Government of India on May 9, 2015.
- Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers accidental death and disability cover of Rs. 2 lakh.
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) provides a life insurance cover of Rs. 2 lakh for death due to any cause.
- Atal Pension Yojana (APY) is a pension scheme for workers in the unorganised sector, providing a guaranteed pension after 60 years of age.
- PMSBY is available to individuals aged 18-70 years, PMJJBY for 18-50 years, and APY for 18-40 years.
- The schemes are administered through banks and post offices, making them accessible across the country.
Launched in 2015, PMSBY is an accidental insurance scheme offering coverage for accidental death and disability. It aims to provide affordable insurance to the poor and low-income groups, with an annual premium of Rs. 20 for a Rs. 2 lakh cover.
Introduced in 2015, PMJJBY is a life insurance scheme providing coverage for death due to any cause. It offers a Rs. 2 lakh life cover with an annual premium of Rs. 436, targeting individuals aged 18-50 years.
Launched in 2015, APY is a government-backed pension scheme primarily for the unorganised sector. It provides a guaranteed minimum pension ranging from Rs. 1000 to Rs. 5000 per month after the age of 60, based on contributions.
A collective term for the three social security schemes PMSBY, PMJJBY, and APY launched by the Indian government in 2015. These schemes aim to provide affordable insurance and pension coverage to ensure financial security for all citizens.
For competitive exams, focus on the launch year, objectives, target beneficiaries, and key benefits (e.g., cover amount, premium) of each Jan Suraksha scheme.
Remember the Jan Suraksha schemes by their core benefit: PMSBY for Safety (accidental), PMJJBY for Jeevan (life), and APY for Pension (old age).