Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY), and Atal Pension Yojana (APY) on 9th May 2022 complete 7 years of providing social security net. This schemes were launched by Prime Minister Narendra Modi on 9th May 2015 in Kolkata, West Bengal. These schemes have been successful in providing affordable insurance, security & benefits to people.
These 3 social security schemes are dedicated to the welfare of the citizens, recognizing the need for securing human life from unforeseen risks or losses and financial uncertainties.
In order to ensure that the people from the unorganized section of the country are financially safe, Government launched 2 insurance schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).
Atal Pension Yojana (APY) to cover the exigencies in the old age.