PM Highlights 11 Years of Jan Suraksha Schemes: Impact on Financial Inclusion
Prime Minister reviews the progress and impact of key social security schemes after 11 years.
Source: GNews PM SchemeThe Prime Minister recently highlighted the significant impact of the Jan Suraksha Schemes, marking their 11th anniversary. These schemes, launched to provide social security and financial inclusion to the unorganised sector and vulnerable populations, have achieved widespread coverage. The initiative aims to offer affordable insurance and pension products, ensuring a safety net for millions of Indians. The PM emphasized how these schemes have empowered citizens and contributed to the nation's financial security goals over the past decade.
- The Jan Suraksha Schemes completed 11 years since their launch, focusing on social security.
- These schemes primarily target the unorganised sector and economically vulnerable sections of society.
- The initiative aims to provide affordable insurance and pension products to ensure financial protection.
- The schemes have significantly contributed to India's financial inclusion agenda by expanding coverage.
- The Prime Minister reviewed their impact, highlighting their role in empowering citizens over the past decade.
A set of social security schemes launched by the Government of India in 2015. They include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY), aimed at providing affordable insurance and pension coverage to the unorganised sector and financially vulnerable populations.
The process of ensuring access to appropriate financial products and services needed by all sections of society, especially vulnerable groups, at an affordable cost and in a fair and transparent manner. It includes access to banking, credit, insurance, and pension services.
A government-backed life insurance scheme in India. It offers a renewable one-year life cover of Rs 2 lakh for death due to any reason, available to people in the age group 18 to 50 years, with an annual premium of Rs 436.
A government-backed pension scheme in India, primarily aimed at workers in the unorganised sector. It provides a guaranteed minimum pension ranging from Rs 1,000 to Rs 5,000 per month after the age of 60, depending on the contributions made.
Exams frequently test the launch year, objectives, and target beneficiaries of major government social security schemes like those under Jan Suraksha.
Remember 'Jaan Suraksha' (Life Protection) for the schemes: PMJJBY (Jeevan Jyoti - Life Light), PMSBY (Suraksha - Safety), APY (Atal Pension - Unwavering Pension).