Latest news with #MantriSurakshaBimaYojana
Time of India
11-07-2025
- Business
- Time of India
Simplify loan and insurance claim processes, focus on improving credit-deposit ratio: Dhami to banks
Dehradun: Chief minister Pushkar Singh Dhami on Friday directed officials to simplify loan disbursement and insurance claim processes under central and state schemes to ensure effective delivery of benefits. Tired of too many ads? go ad free now Chairing a special meeting of the State-Level Bankers' Committee (SLBC) at the secretariat, Dhami stressed that resolving public grievances and promoting financial inclusion must remain top priorities. He called for greater efforts to improve the credit-deposit (CD) ratio across the state, particularly in the hill districts of Tehri, Pithoragarh, Rudraprayag, Almora, Pauri, and Bageshwar. The state's CD ratio rose from 54% to 54.26% in FY 2024–25, but the CM urged that it be pushed to 60%. Dhami also proposed a statewide camp in Oct, where banks and departments will jointly address public issues and offer multiple welfare services on a single platform in every district. During the meeting, officials noted that Uttarakhand has provided insurance coverage to 48,000 individuals per one lakh population under the Pradhan Mantri Suraksha Bima Yojana – well above the national average of 40,000. The average loan amount under the Pradhan Mantri Mudra Yojana in the state is Rs 93,900, significantly higher than the national average of ₹62,686. Over 39 lakh bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana—the highest among Himalayan states. In FY 2024–25, the state recorded a 10.26% increase in loan advances and a 9.09% rise in deposits. The Veer Chandra Singh Garhwali and Mukhyamantri Swarozgar Yojanas have both shown steady growth over the past three years. A total of 6,10,636 farmers have benefited from the Kisan Credit Card scheme, 67% of whom are small or marginal farmers. Credit linkage is active in 70.23% of Self-Help Groups (SHGs) in the state, with SHG numbers rising 21% in the past three years.
Hans India
09-05-2025
- Business
- Hans India
PMSBY's cumulative enrolments surged by 443 pc since 2016: Centre
New Delhi: The cumulative enrolments under the Pradhan Mantri Suraksha Bima Yojana (PMBSY), -- an accident insurance scheme -- has surged by 443 per cent, since 2016, said the Union government on Friday, as the scheme marks a decade of launch. The scheme provides financial stability and affordable security in case of accidents and loss of lives at just Rs 20 per year. 'Ensure financial stability for your loved ones with PM Suraksha Bima Yojana! Cumulative enrolments under PMSBY have risen by 443 per cent, from 9.40 Cr in March 2016 to 51.06 Cr in April 2025. Affordable security at just Rs 20 per year!' the Ministry of Finance said in a post on social media platform X. Launched in 2015 by Prime Minister Narendra Modi, the Pradhan Mantri Suraksha Bima Yojana has become a cornerstone of the government's efforts to provide financial safety to the public. The scheme was officially launched on May 9, 2015, in Kolkata. It covers all Indian residents and non-resident Indians (NRIs) between the ages of 18 and 70, provided they have a valid bank account. In the unfortunate event of partial disability due to an accident, the scheme offers Rs 1 lakh directly to the individual's account. In the tragic case of death caused by a road accident or any other unfortunate incident, the family or heirs of the deceased are entitled to a financial support of Rs 2 lakh. The scheme requires an annual premium of just Rs 20, which is automatically deducted from the account of the policyholder. It offers a one-year coverage period, running from June 1 to May 31. The policy is administered through public sector insurance companies, making it accessible to the masses. In the event of death or full disability, the nominee is entitled to Rs 2 lakh. Full disability is defined as the complete loss of use of both eyes, hands, or feet. Partial permanent disability, such as the loss of one eye, hand, or foot, is eligible for a payout of Rs 1 lakh. However, claims are not accepted in cases of death caused by suicide, alcohol, or drug abuse. In addition, a person must be enrolled in the scheme for at least 45 days before being eligible to make a claim.
