PM Modi Highlights 11 Years of Social Security Reforms and Welfare Scheme Expansion
Prime Minister reviews progress of social security and welfare schemes over the past decade.
Source: GNews Welfare PolicyPrime Minister Narendra Modi recently highlighted the significant expansion and reforms in India's social security framework over the last 11 years. The government has focused on making welfare schemes more accessible and inclusive, aiming to cover a larger segment of the population. These reforms are part of a broader strategy to strengthen the social safety net and ensure financial security for vulnerable sections of society. The emphasis has been on direct benefit transfers and digital integration to improve efficiency and reduce leakages in scheme delivery.
- The government has focused on expanding social security coverage across various sectors.
- Reforms aim to enhance accessibility and inclusivity of welfare schemes for all citizens.
- Digital integration and Direct Benefit Transfer (DBT) have been key to efficient scheme delivery.
- The initiatives are designed to provide financial security and support to vulnerable populations.
- The review covers the progress and impact of these schemes over the past decade.
Social security refers to government programs designed to protect individuals and families from economic risks such as poverty, old age, disability, unemployment, and illness. In India, it includes schemes for pensions, insurance, and financial assistance to vulnerable groups.
Direct Benefit Transfer (DBT) is a system where subsidies and welfare payments are transferred directly into the bank accounts of beneficiaries. Launched in 2013, it aims to reduce corruption, eliminate middlemen, and ensure efficient delivery of government benefits.
Atal Pension Yojana (APY) is a government-backed pension scheme launched in 2015, 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 upon retirement, depending on contributions.
Exams frequently test on the objectives, beneficiaries, and key features of major government social security schemes like PMJJBY, PMSBY, and APY. Focus on the year of launch and target groups.
Remember 'Jeevan Jyoti' (Life Light) for life insurance and 'Suraksha' (Safety) for accident insurance, both launched in '15 (2015).