Skip to main content

Prime Minister to launch three social security schemes

Prime Minister Narendra Modi will launch Pradhan Mantri Suraksha Bima Yojana PMSBY Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY and the Atal Pension Yojana APY on May 9 2015 at Kolkata

Sub Category:

The Prime Minister Narendra Modi will launch three social security schemes pertaining to the insurance and pension sector on May 9, 2015 at Kolkata. It is considered to be a path breaking initiative towards providing affordable universal access to essential social security protection in a convenient manner linked to auto-debit facility from the bank account of the subscriber. This would provide social security to the economically vulnerable people across the country, especially in rural India.

The two insurance schemes to be launched, namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) would provide insurance cover in the unfortunate event of death by any cause, death or disability due to an accident respectively. The pension scheme, Atal Pension Yojana (APY), would address old age income security needs. The convenient delivery mechanism of the schemes is expected to address the situation of very low coverage of life, accident insurance and old age income security products in the country.

Besides the launch function at Kolkatta, simultaneous launch functions of the schemes will also be held at 116 locations in the Capital and other major centres of the different states and at district headquarters. Chief ministers and union ministers will attend the functions at various locations.  

Votes with an average with
For more updates, be socially connected with us on
WhatsApp | LinkedIn | Twitter | Facebook

Related Story

COVID-19: Centre promotes Direct Marketing to decongest agri mandis, Photo: Shutterstock
COVID-19: Centre promotes Direct Marketing to decongest agri mandis

In the wake of maintaining social distancing during the trade of agricultural produce amid COVID-19 pandemic, the Department of Agriculture, Government of India has written to the state…

COVID-19: KVIC procures cocoon from Tamil Nadu farmers
COVID-19: KVIC procures cocoon from Tamil Nadu farmers

At a time when the country is struggling hard with COVID-19 pandemic, Khadi and Village Industries Commission (KVIC), an autonomous body under Ministry of MSME, in collaboration with its Khadi…

FARMING BY SATELLITE launches ideas competition
FARMING BY SATELLITE launches ideas competition

Aimed at young farmers as well as trainees and students, principally in the fields of IT, mechanical engineering and agricultural sciences, European GNSS Agency (GSA) and European Environment…


The website encountered an unexpected error. Please try again later.