Three social security schemes benefited 556 million people: Nirmala Sitharaman
1 year, 7 months ago

Three social security schemes benefited 556 million people: Nirmala Sitharaman

Hindustan Times  

The government’s social security schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana – have covered over 556 million beneficiaries in eight years providing exigency support of ₹15,592 crore nearly eight lakh people under the first two insurance schemes, finance minister Nirmala Sitharaman said. Under the leadership of our Prime Minister Narendra Modi, our government is steadfastly dedicated to ensuring that the advantages of these social security schemes reach every eligible individual across the nation,” Sitharaman said in a statement on Tuesday on the eighth anniversary of their launch. Speaking about the government’s drive to provide social security to underprivileged, the finance minister said that 16.20 crore, 34.20 crore and 5.20 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively till April 26, 2023. “These three social security schemes are devoted to the well-being of citizens, acknowledging the importance of safeguarding human life against unforeseen risks, losses, and financial uncertainties.

Security Social Financial Pension Social Security Crore Minister Million Lakh Sitharaman Scheme Schemes Nirmala Sitharaman Pmjjby Pmsby  security  benefited  pmsby  sitharaman  556  social  scheme  financial  crore  million  nirmala  lakh  schemes  pension  minister

History of this topic

Atal Pension Yojana enrolment low in Kerala
1 week, 6 days ago

Atal Pension Yojana enrolment low in Kerala

New Indian Express  

THIRUVANANTHAPURAM: Enrolments in Atal Pension Yojana, the old age income security programme launched by the Union government, is low in Kerala. According to the data tabled in the Lok Sabha, until FY 2022-23, cumulative APY subscriptions in Kerala stood at 3.94 lakh whereas Karnataka had 12.68 lakh and Tamil Nadu 18.71 lakh subscribers. While Kerala’s subscription base has increased to …

Pradhan Mantri Kisan Maandhan Yojana completes 5 years | Know key benefits under PM-KMY
3 months, 2 weeks ago

Pradhan Mantri Kisan Maandhan Yojana completes 5 years | Know key benefits under PM-KMY

India TV News  

PM-KMY scheme: The Pradhan Mantri Kisan Maandhan Yojana, launched on September 12, 2019, has successfully completed five years of providing social security to land-holding small and marginal farmers across India. Key benefits under PM-KMY Minimum Assured Pension: Each subscriber to the scheme is guaranteed a minimum pension of Rs 3000 per month upon reaching the age of 60 years Each …

Pension Planning: Can Unorganised Sector Workers Open NPS Account?
4 months ago

Pension Planning: Can Unorganised Sector Workers Open NPS Account?

News 18  

NPS Swavalamban was a government-backed pension scheme aimed at providing financial security to the unorganised sector. While existing NPS Swavalamban account holders could migrate to APY, the latter scheme has become the primary option for individuals seeking a government-backed pension. NPS Swavalamban and Atal Pension Yojana : The Link NPS Swavalamban and APY are both government-backed pension schemes aimed at …

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana
5 months, 2 weeks ago

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana

India TV News  

Budget 2024: The government is considering a proposal to increase the minimum guaranteed amount under its popular social security initiative, Atal Pension Yojana. Proposals to make scheme more attractive As of June 20, there have been more than 66.2 million enrollments in the Atal Pension Yojana, with 12.2 million new accounts added in the financial year 2023-24 alone. Economically deprived …

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls
5 months, 3 weeks ago

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls

The Hindu  

On a spree to hand over benefits of various social welfare schemes ahead of the Assembly polls, Haryana Chief Minister Nayab Saini on June 30 provided benefits amounting to more than ₹100.68 crores to 83,633 beneficiaries under three ambitious schemes. At a State-level programme in Panipat, Mr. Saini disbursed ₹22.59 crores to 75,330 beneficiaries under the Social Security Pension Scheme …

Nirmala Sitharaman and Jairam Ramesh spar over Atal Pension Yojana
8 months, 3 weeks ago

Nirmala Sitharaman and Jairam Ramesh spar over Atal Pension Yojana

The Hindu  

Finance Minister Nirmala Sitharaman and Congress general secretary Jairam Ramesh got into a war of words over the Atal Pension Yojana, after Mr. Ramesh termed the scheme “poorly designed”. Citing a media report on a sample study by the Indian Council of Social Science Research on the pension scheme, the Congress leader, in a post on X, said the Atal …

Atal Pension Yojana poorly designed: Cong; Sitharaman hits back
8 months, 4 weeks ago

Atal Pension Yojana poorly designed: Cong; Sitharaman hits back

Deccan Chronicle  

New Delhi, Mar 26 Hours after the Congress dubbed the Centre's Atal Pension Yojana as a "poorly-designed scheme" that "hoodwinks and coerces" people into participating in it, Finance Minister Nirmala Sitharaman on Tuesday hit back at the grand old party accusing it of "hoodwinking" people in the name of vote bank politics. Congress general secretary Jairam Ramesh said the Atal …

Atal Pension Yojana: War of words erupts between Nirmala Sitharaman and Congress leader Jairam Ramesh
8 months, 4 weeks ago

Atal Pension Yojana: War of words erupts between Nirmala Sitharaman and Congress leader Jairam Ramesh

Live Mint  

A war of words erupted between the Union Finance Minister Nirmala Sitharaman and Congress leader Jairam Ramesh over the effectiveness of Atal Pension Yojana. It was started when the Mr Ramesh pointed out that while Ms Sitharaman lauded the pension scheme named after the veteran BJP leader Atal Bihari Vajpayee on Mar 24 in Bengaluru, she did not mention, he …

Atal Pension Yojana poorly designed: Cong
8 months, 4 weeks ago

Atal Pension Yojana poorly designed: Cong

Deccan Chronicle  

New Delhi, Mar 26 The Congress on Tuesday attacked the Modi government over the Atal Pension Yojana, alleging it is a "very poorly-designed scheme" and a "paper tiger" that needs officials to hoodwink and coerce people into participating in it. Congress general secretary Jairam Ramesh said the scheme is a "fitting representation of the Modi Government's policy making: headline management, …

The Old Pension Scheme wildfire must be stopped before it’s too late
1 year, 1 month ago

The Old Pension Scheme wildfire must be stopped before it’s too late

Live Mint  

The political battle between protecting the National Pension System and going back to the Old Pension Scheme is heating up, thanks to the various state elections just started. Public opinion and voter passion is being stirred by presenting the OPS as ‘pro-people’ and NPS as ‘anti-people.’ Meme creators and slogan writers are busy making graphic and emotive campaigns. OPS guarantees …

Elderly have low awareness about welfare schemes, says India Ageing Report 2023
1 year, 2 months ago

Elderly have low awareness about welfare schemes, says India Ageing Report 2023

The Hindu  

The awareness among the elderly population among the social welfare schemes in the country remains low, the recently published India Ageing Report 2023 has pointed out. The three key government schemes for the elderly are the Indira Gandhi National Old Age Pension Scheme, Indira Gandhi National Widow Pension Scheme and Annapurna Scheme. Older persons with disabilities The India Ageing Report …

PM Modi's Social Security Schemes: Over 55 crore enrollments registered in 8 years in three national programmes
1 year, 7 months ago

PM Modi's Social Security Schemes: Over 55 crore enrollments registered in 8 years in three national programmes

Firstpost  

PMJJBY has provided support to 6.64 lakh families receiving ₹ 13,290 crore worth of claims. About 55 crore people have enrolled themselves in the three new national social security schemes launched by Prime Minister Narendra Modi in 2015. Finance Minister Nirmala Sitharaman said that these social security schemes are dedicated to the welfare of the citizens, recognising the need for …

Budget 2023 | Social security cuts irk trade unions
1 year, 10 months ago

Budget 2023 | Social security cuts irk trade unions

The Hindu  

The allocations to the Labour Ministry and its social security schemes saw a decrease in the Budget and the trade unions alleged that Finance Minister Nirmala Sitharaman has not addressed the issue of long-term employment and creation of quality jobs. The Pradhan Mantri Shram Yogi Maandhan scheme got ₹350 crore in this Budget too. The Pradhan Mantri Karam Yogi Maandhan, …

Rajasthan: Gehlot defends old pension scheme as a social security measure
2 years ago

Rajasthan: Gehlot defends old pension scheme as a social security measure

The Hindu  

Rajasthan Chief Minister Ashok Gehlot on Saturday defended his government’s move to restore the old pension scheme for the government employees, saying it was an important social security measure, which would protect the retired officials in their old age. The Central agencies had started criticising the OPS after the results of the Assembly election in Himachal Pradesh were announced, as …

Want to secure your finances before retirement? Check these government pension schemes
2 years ago

Want to secure your finances before retirement? Check these government pension schemes

Firstpost  

One of the major challenges of retirement is maintaining financial stability. Keeping that in mind, the government has developed a variety of unique pension plans to guarantee the stability and financial security of the country’s elderly population after retirement. Here are some of such government retirement schemes that senior citizens can opt for: National Pension Scheme : The NPS is …

Making out a case for the other UBI in India
2 years, 3 months ago

Making out a case for the other UBI in India

The Hindu  

It took the COVID-19 pandemic to expose the precariousness of human society across the world. For health and income On the health security front, for the unorganised sector, there is the Ayushman Bharat Scheme of the central government with over 490 million beneficiaries. In the organised sector, the Central government runs the Employees State Insurance Corporation and Central Government Health …

Atal Pension Yojana new rule: These investors cannot join from October
2 years, 4 months ago

Atal Pension Yojana new rule: These investors cannot join from October

Live Mint  

Atal Pension Yojana: The central government has amended the Atal Pension Yojana investment rules, which will become applicable from 1st October 2022. In the changed Atal Pension Yojana rules, an income tax payer will not be eligible to open Atal Pension Yojana account from 1st October 2022. The notification issued by the Ministry of Finance says, "Provided that from 1st …

PMJJBY, PMSBY & APY Complete 7 Years; Here's What These Schemes Have Achieved So Far
2 years, 7 months ago

PMJJBY, PMSBY & APY Complete 7 Years; Here's What These Schemes Have Achieved So Far

News 18  

Social security schemes Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana have completed seven years of their launch. Here’re the basic details of the schemes and their achievements: Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY is a one-year life insurance scheme renewable from year to year offering coverage for death due to any …

7-year report card of three flagships from Modi government
2 years, 7 months ago

7-year report card of three flagships from Modi government

Firstpost  

Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Atal Pension Yojana complete seven years of providing social security net to the beneficiaries on Monday 9 May, 2022 Prime Minister Narendra Modi-led Central government’s flagship life insurance scheme - Pradhan Mantri Suraksha Bima Yojana, accidental insurance scheme - Pradhan Mantri Jeevan Jyoti Bima Yojana, and pension scheme …

Himachal CM attempts to woo pensioners; ₹280 crore transferred to 6.35 lakh beneficiaries
2 years, 7 months ago

Himachal CM attempts to woo pensioners; ₹280 crore transferred to 6.35 lakh beneficiaries

Hindustan Times  

Aiming to achieve “Mission Repeat”, which hasn’t happened in Himachal in since 1985, chief minister Jai Ram Thakur on Monday attempted to woo beneficiaries of various social security pension schemes. Himachal CM Jai Ram Thakur during the social security pension disbursal event at Shahpur in Kangra on Monday Addressing a social security pension disbursal event at Shahpur in Kangra district …

This Govt Scheme Offers Fixed Pension of up to Rs 5000 Per Month. Know Eligibility, Benefits
2 years, 7 months ago

This Govt Scheme Offers Fixed Pension of up to Rs 5000 Per Month. Know Eligibility, Benefits

News 18  

Atal Pension Yojana: The total enrollments under the government’s retirement benefits scheme Atal Pension Yojana have crossed 4.01 crore as on March 2022 out of which more than 99 lakh APY accounts were opened during FY 2021-22, the finance ministry has recently notified. The Atal Pension Yojana, or APY scheme offers a foxed pension of up to Rs 5,000 to …

Monthly Rs 5,000 Pension With Income Tax Benefits: Know Details About this Govt Scheme
2 years, 11 months ago

Monthly Rs 5,000 Pension With Income Tax Benefits: Know Details About this Govt Scheme

News 18  

Atal Pension Yojana: The finance ministry has recently notified that as many as 65 lakh registrations have been completed under the Atal Pension Yojana of the government during this fiscal so far. Atal Pension Yojana, the flagship social security scheme of the Government of India, was launched on May 9, 2015, to provide old-age income security particularly to the citizen …

Atal Pension Yojana Dominates Social Security Scheme with 66% Subscriber Base
3 years, 3 months ago

Atal Pension Yojana Dominates Social Security Scheme with 66% Subscriber Base

News 18  

Atal Pension Yojana has emerged as the most popular social security scheme under the National Pension System with over 2.8 crore subscribers, mainly from the non-metro centres. Out of 4.2 crore National Pension System subscribers, over 66 per cent or 2.8 crore opted for the APY at the end of 2020-21, says the annual report of the National Pension Systems …

Monthly Pension of up to Rs 5,000 under this Govt Scheme. Know Eligibility, Tax Benefits
3 years, 4 months ago

Monthly Pension of up to Rs 5,000 under this Govt Scheme. Know Eligibility, Tax Benefits

News 18  

Atal Pension Yojana is a very useful pension scheme that is targeted at employees from the unorganised sector. Eligibility: While the Atal Pension Yojana scheme is targeted at he employees of the unorganised sector, any Indian citizen with a bank account can be eligible for it. Up to Rs 5,000 Monthly Pension The minimum pension bracket under the Atal Pension …

Monthly Rs 3,000 Pension under this Govt Scheme: Eligibility, Key Details
3 years, 4 months ago

Monthly Rs 3,000 Pension under this Govt Scheme: Eligibility, Key Details

News 18  

Prime Minister Shram Yogi Mandhan Yojana is a voluntary and contributory pension scheme, launched in 2019 aiming to benefit the workers in the unorganized sector in the country. The pension scheme by the Central government assures a monthly pension of at least Rs 3,000 after attaining the age of 60. Eligibility Anyone, in the age group of 18-40 years, working …

This Scheme Offers Fixed Monthly Pension of up to Rs 5,000; Eligibility and Other Details
3 years, 6 months ago

This Scheme Offers Fixed Monthly Pension of up to Rs 5,000; Eligibility and Other Details

News 18  

Central government’s Atal Pension Yojana is a social security scheme. The scheme is based on the National Pension Scheme framework and has provisions to provide monthly pension upto Rs 5000 to individuals with a deposit of Rs 7 per day. If a person becomes a subscriber of APY at the age of 18 years, then he will have to deposit …

National Pension System Vs Atal Pension Yojana: Which is better and why
3 years, 11 months ago

National Pension System Vs Atal Pension Yojana: Which is better and why

India TV News  

When we hear the word "pension", the first thing that comes to mind is guaranteed income after retirement. The two hugely popular schemes are -- National Pension System and Atal Pension Yojana. While the NPS was launched in 2004 by the Atal Bihari Vajpayee government, the APY was introduced by the Modi government in 2015 that focuses mainly on the …

What is Atal Pension Yojana and How to Open Account
4 years ago

What is Atal Pension Yojana and How to Open Account

News 18  

The Atal Pension Yojana is a guaranteed pension scheme by the government to provide financial security to those employed in the unorganised sector like maids, drivers, gardeners, among others. The subscribers of the scheme are entitled to a pension ranging from Rs 1000 to Rs 5000 every month. For those who joined the scheme before end of December 2015, the …

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