Latest news with #PMSurakshaBimaYojana
Indian Express
27-06-2025
- Politics
- Indian Express
At Gandhinagar, Amit Shah reviews projects, directs officials to enhance scheme benefits
Union Home Minister Amit Shah chaired a District Development Coordination and Monitoring Committee (DISHA) meeting in Gandhinagar, reviewing the progress of several developmental projects in the district, which he represents as the Lok Sabha MP. DISHA committees, set up by the Union Ministry of Rural Development, monitor the Central government schemes at district level. The DISHA meeting was attended by MPs, MLAs, district officials, and representatives from various government departments. During the meeting, the implementation of key government schemes, including Pradhan Mantri Jan Dhan Yojana, PM Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyot Bima Yojana, Atal Pension Yojana, Pradhan Mantri Mudra Yojana, Kisan Credit Card Yojana, and Pradhan Mantri Ayushman Card Yojana was reviewed. The committee presented the status of these initiatives to the Union minister, who offered suggestions for improvement, according to an official release. Shah made suggestions so that 'benefits of the government schemes reach maximum people,' said the release. He also suggested connecting the hospitals, schools, agri market, and factories in all the talukas of the district under Pradhan Mantri Gram Sadak Yojana to make transport easy. The Union minister instructed the officials to collect the data of the last five years of all the four talukas of the district, under Rural Self Employment Training Institute (RSETI), to check interlinking of lakes, and to get feedback on recovery under the PM-SVANidhi scheme from banks. Under the Ek Ped Maa ke Naam project, Shah directed the stakeholders to plant 500 trees in each village in cooperation with Anganwadis, cooperatives, vaccination centres etc. in July and August. Earlier in the day, Shah also visited Gandhinagar-based Information and Library Network (INFLIBNET). INFLIBNET, an Inter University Centre of University Grants Commission, helps universities modernise their libraries and provides digital access to books, journals, and research papers from around the world for students, researchers, and readers. Shah advocated to bring all the libraries in Gujarat to come on a common platform created by INFLIBNET. He also launched an application of Sastu Sahitya Vardhak Karyalay on the occasion. Earlier in the morning, Shah, along with his family members, visited Jagannath temple in Ahmedabad on the occasion of annual Jagannath Rath Yatra and offered prayers. Shah is on a two-day visit to Gujarat and is scheduled to participate in public events in Godhra and Gandhinagar on Saturday.
News18
26-06-2025
- Business
- News18
Explained: What Is Pradhan Mantri Suraksha Bima Yojana And How To Apply
Last Updated: The scheme is especially helpful for economically weaker sections who may not be able to afford high insurance premiums. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme aimed at providing affordable financial protection to India's working population. Launched in 2015, the scheme has seen a 443 per cent growth in enrolment, rising from 9.40 crore in March 2016 to 51.06 crore by April 2025, according to the Ministry of Finance. Ensure financial stability for your loved ones with PM Suraksha Bima Yojana! Cumulative enrolments under PMSBY have risen by 443%, from 9.40 Cr in March 2016 to 51.06 Cr in April 2025. Affordable security at just ₹20 per year! #10YearsofJansurakshaSchemes #10YearsofPMSBY — Ministry of Finance (@FinMinIndia) May 9, 2025 What Does PMSBY Offer? PMSBY offers accident insurance coverage at a very low cost: – Premium: Rs 20 per year Coverage: – Rs 2 lakh in case of accidental death or total disability – Rs 1 lakh for partial permanent disability The scheme is especially helpful for economically weaker sections who may not be able to afford high insurance premiums. Who Can Apply? Anyone can apply who: – Is between 18 and 70 years of age – Holds a savings account in a bank or post office The policy is renewed annually and the premium is automatically deducted every year from the account holder's linked bank account. How to Apply? You can apply both offline and online. Offline Method: – Visit your bank branch or post office where you hold a savings account. – Ask for the PMSBY form or download it from your bank's website or – Fill in your personal details like name, address, DOB, nominee name and relationship and account number. – Submit the form and consent for auto-debit of the Rs 20 premium. Online Method: – Log in to your bank's net banking portal. – Locate the PMSBY option under insurance or services. – Follow the instructions and give auto-debit consent. In case of a claim due to death or disability, the following documents are needed: – Aadhaar card – e-Shram card or UAN – FIR copy of the accident – Death or disability certificate – Medical certificate – Cause of death statement (if applicable) Who Runs the Scheme? PMSBY is offered through public and private insurance companies, in tie-up with scheduled commercial banks, regional rural banks and cooperative banks. The government regularly monitors claim settlements and addresses complaints with the help of banks and insurers. Key Initiatives for Wider Coverage To promote enrolment and awareness: – Local Gram Panchayat-level campaigns – Financial literacy driven by the RBI's Centre for Financial Literacy – Around 13 lakh Banking Correspondents (BCs) help with the last-mile service – 107 Digital Banking Units provide doorstep services Online platforms like Jan Samarth, PSB Loans in 59 Minutes and Stand-Up Mitra make credit and schemes easily accessible PMSBY is part of the government's broader push for financial inclusion and social security for all. With growing enrolments and increased awareness, the scheme aims to offer every citizen a basic safety net at a minimal cost. About the Author Business Desk A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
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.
