BANKING AFFAIRS

Detailed explanation-1: -PMJJBY, PMSBY and APY were launched by Prime Minister Shri Narendra Modi on 9th May, 2015 from Kolkata, West Bengal. These three social security schemes are dedicated to the welfare of the citizens, recognising the need for securing human life from unforeseen risks/losses and financial uncertainties.

Detailed explanation-2: -The Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY) are two such schemes initiated by the government. Both these schemes are specifically designed to provide healthcare facilities to the low-income families in our country.

Detailed explanation-3: -The schemes cover areas such as insurance for the poor, pension and so on. The three schemes introduced under the Jan Suraksha Schemes are, Pradhan Mantri Suraksha Bima Yojana. Pradhan Mantri Jeevan Jyoti Bima Yojana. Atal Pension Yojana.

Detailed explanation-4: -PMSBY is an Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. It would be a one-year cover, renewable from year to year.

Detailed explanation-5: -Jan Dhan to Jan Suraksha ensures financial inclusion and financial security, and all round development of citizens of India.