Social Security Schemes are Historic Steps: Smriti

These three social security schemes will benefit those in unorganised sector and will ensure economic security for the people

Published: 10th May 2015 06:00 AM  |   Last Updated: 10th May 2015 06:00 AM   |  A+A-


HYDERABAD: Prime Minister Narendra Modi made a promise to the people of this country that those who face economic challenges shall be given economic security,” Union HRD Minister Smriti Irani has said.

She was speaking after launching the three Central schemes - Pradhan Mantri Suraksh Bima Yojana (accident insurance), Atal Pension Yojana ( social security pension) and Pradhan Mantri Jeevan Jyothi Bima Youjana (life insurance) here on Saturday.

She said the three new social security schemes are historic steps towards ensuring economic security for the people of the country.

“As each citizen in the country is ready to take one step ahead, the Modi government is ready to take two steps forward to wipe out poverty,” she said.

She said the days of banks insisting on collaterals and documents to offer loans had long become a thing of past with the success of the Modi administration.

“For just Rs 12 a year, a citizen can avail of benefits and cover for up to Rs 2 lakh in case of accidental death and under Pradhan Mantri Jeevan Jyoti Bima Yojana, for a mere Rs 330, life insurance cover is made available to every Indian citizen,” she said. Similarly PM Jeevan Jyouth Bima Yojana would cater to the poor and neglected sections.

The Union Minister said all the three schemes were revolutionary and the poor, neglected and unorganised sectors would gain from these schemes.

Meanwhile, finance minister Eatala Rajendar informed that as many as 63 lakh bank accounts were opened in the state under the Pradhana Mantri Jan Dhan Yojana against the envisaged target of 60 lakh. Despite Telangana being a new state it had been made possible due to concerted effort of bankers in the state, he added.

“No matter whatever schemes of government are, today governments have come to realise that there is a genuine need to reach out to the poorest of poor in the country. This is a good sign,” he said.

While Prime Minister Narendra Modi launched the mega social security schemes in Kolkata on Saturday, the schemes were launched in 115 cities simultaneously by Union ministers, chief ministers and other public representatives across the country.


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