NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday 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 viz., Pradhan Mantri Suraksha Bima Yojana (PMSBY)  Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY)  that  were launched on May 9, 2015. The 3 schemes are dedicated to the welfare of the citizens, recognising the need for securing human life from unforeseen eventualisation. In order to ensure that the people from the unorganised section of the country are financially secure, the government launched two insurance schemes such as  PMJJBY and PMSBY, and also introduced APY.

Speaking on the 8th anniversary of Jan Suraksha schemes, the finance minister said, these schemes aim to provide essential financial services to individuals from underprivileged backgrounds, thereby reducing their financial vulnerability. Citing data on the three schemes, Sitharaman said that 16.2 crore, 34.2 crore and 5.2 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively, till April 26, 2023.

Citing data on the three schemes, Ms. Sitharaman said that 16.2 crore, 34.2 crore and 5.2 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively, till April 26 2023. 

On PMJJBY scheme, the finance minister said that it has provided crucial support to 6.64 lakh families who have received claims for ₹13,290 crore. 

Under the PMSBY scheme, Ms. Sitharaman said that more than 1.15 lakh families have received claims for Rs.2,302 crore. For both PMJJBY and PMSBY schemes, simplification of the claim process has resulted in speedier settlement of claims. 

“It is encouraging to see that these schemes are being implemented through a targeted approach to maximise their reach. Under the leadership of Prime Minister Narendra Modi, our government is steadfastly dedicated to ensuring that the advantages of these social security schemes reach every eligible individual across the nation,” she said. 

Citing data on the three programmes, 16.2 crore, 34.2 crore, and 5.2 crore enrollments have been made under PMJJBY, PMSBY, and APY, respectively, as of April 26 2023,  Sitharaman said, adding that  the PMJJBY scheme has given vital support to 6.64 lakh people, who have submitted claims totaling 13,290 crore.

Sitharaman said, more than 1.15 lakh families have received claims totaling Rs. 2,302 crore under the PMSBY scheme. The claim settlement process has been streamlined for both PMSBY and PMJJBY schemes, which has sped up the process for processing claims.

The fact that these programmes are being implemented with a specific strategy to increase their impact is positive. Our government, led by Prime Minister Narendra Modi, is staunchly committed to making sure that every eligible person in the country benefits from these social security programmes, she said.

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