Government is fully committed to its goal of universal social security: FM
He said that these schemes are way for future and the government will bring about other variants of the schemes in the near future.
At present, only 11% of the population of the country is covered under pension schemes while only 20% of the people are insured.
The Finance Minister said that the Government wants to improve the situation by bringing maximum people under these benefits.
He said that the three ambitious Social Security Schemes of the Government- the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY)- were launched by the Prime Minister in May 2015 which in turn will play an important role in realising the dream of universal social security.
He said that these Social Security Schemes have been successful in evoking a highly positive response from the people at large.
The Finance Minister said that so far, 7.84 crore people have registered under PMSBY, 2.70 crore under PMJJBY and 4.69 lakh subscribers have joined APY.
Jaitley further said that in order to have better policy formulation and coordination, the Government plans to bring about various social security schemes run by different Departments or Ministries under one roof.
The Finance Minister was speaking at the Second Meeting of Consultative Committee attached to the Ministry of Finance here today on the subject of “ PM’s Social Security Schemes”.
The Finance Minister Shri Arun Jaitley further said that the Pradhan Mantri Jan Dhan Yojana (PMJDY), the First step towards financial inclusion by the present Government, has recorded a spectacular success with opening of 16.73 crore accounts within a year with a total deposits of Rs. 19,990.52 crore.
He said that the Government subsequently encouraged to widen the approach to social security for all sections of society by introducing micro insurance, micro pension and micro credit schemes.
He said that the movement from Jan Dhan to Jan Suraksha has been facilitated by the Government within one year itself. He said that now the focus is to enlarge the scope of the Social Security Schemes and include maximum number of people with in their ambit .
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