Team Blitz India
NEW DELHI: Finance minister Nirmala Sitharaman has said three social security schemes, including PMJJBY and PMSBY, aim to provide essential financial services to citizens especially underprivileged and safeguard them against unforeseen risks, losses, and financial uncertainties.
Three social security (Jan Suraksha) schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) — were launched on May 9, 2015.
The three schemes are dedicated to the welfare of the citizens, recognising the need for securing human life from unforeseen eventualisation and financial uncertainties.
In order to ensure that people from the unorganised section of the country are financially secure, the government launched two insurance schemes — PMJJBY and PMSBY; and also introduced APY to cover the exigencies in the old age.
Speaking on the 8th anniversary of Jan Suraksha schemes on May 9, the finance minister said, these schemes aim to provide essential financial services to individuals from underprivileged backgrounds, thereby reducing their financial vulnerability.
