PM interacts with beneficiaries of social security schemes through video bridge

The interaction covered four major social security schemes namely Atal Bima Yojana, Pradhan MantriJeevanJyoti Yojana, Pradhan MantriSurakshaBima Yojana and VayaVandana Yojana.

This is the eighth interaction in the series by the Prime Minister through video conference with various beneficiaries of Government schemes.

Expressing happiness in interacting with people who fought adversities and emerged much stronger, Modi said that Social security schemes empower people. He added that these social security schemes of the present Government not only help people effectively deal with the uncertainties of life but also empower them to rise over the financially difficult situations of the family.

The PM outlined the various aspects pursued by the Government to ensure financial security for the poor and the vulnerable. They are - opening the doors of the banks for the poor- banking the unbanked; ensuring access to capital for small business and budding entrepreneurs- funding the unfunded and providing social security cover for the poor and vulnerable - financially securing the unsecured.

Interacting with beneficiaries the PM  said that the total number of 28 crore bank accounts opened under Pradhan Mantri Jan DhanYojana during the period 2014 – 2017 is nearly 55 per cent of the total bank accounts opened in the world. He also expressed happiness that more women have bank accounts in India now and that number of bank accounts in India has reached 80 per cent from 53 per cent in 2014.

Listening to the adversities faced by people, Modi said that even though the loss of a person can never be compensated, the Government has always strived to ensure economic security to the affected family. He said that more than five crore people have benefitted from Pradhan MantriJeevanJyoti Yojana, by paying a very low premium of around Rs. 300.

Talking about the accidental insurance coverage scheme, Pradhan Mantri SurakshaBima Yojana, the PM  said that more than 13 crore people have availed the scheme. Under Pradhan MantriSurakshaBima Yojana, people can claim accidental insurance coverage of up to Rs. 2 lakh by paying a premium of just Rs. 12 per year.

During the interaction, Modi summarized various initiatives of the government in taking care of the old and elderly. He said that about three lakh elderly people have benefitted from the VayaVandana Yojana started last year, under which citizens above 60 years get 8 per cent fixed return for 10 years. In addition, Government also increased the basic limit of income tax, from Rs. 2.5 lakh to Rs. 3 lakh for senior citizens. He emphasized that the government is committed to the well-being of the elderly population.

Reiterating Government’s commitment to providing social security coverage to all, the Prime Minister noted that over 20 crore people have been brought under the three major social security schemes (Pradhan MantriSurakshaBima Yojana, Pradhan MantriJeevanJyoti Yojana, Atal Pension Yojana ) in the last three years. The PM also ensured the beneficiaries that the government will continue its efforts of ensuring the welfare of all its citizens, especially the poor and vulnerable, and empower them in the best way possible.

Interacting with the Prime Minister, beneficiaries of various social security schemes explained how these schemes helped them during the times of great need. They also thanked the Prime Minister for the various schemes he introduced and pointed out that most of the schemes have been a life changer for many.