New Delhi, PTI. Due to the public security schemes launched by Prime Minister Narendra Modi, the common man has access to insurance and pension. Finance Minister Nirmala Sitharaman said this in a program organized on the seventh anniversary of Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana on Monday. He said that the number of people enrolled and benefited under these schemes in the last seven years is a proof of their success. Prime Minister Modi had launched these three schemes on May 9, 2015. The Finance Minister said, “Since the launch of Jeevan Jyoti Bima Yojana, 12.76 crore people have so far enrolled for the insurance cover. During this, the families of 5,76,121 people have received Rs 11,522 crore as claims. The scheme proved to be extremely useful during the pandemic for low-income families. About 50 percent of the claims paid in the financial year 2020-21 were made by the families of those who lost their lives in the corona epidemic.

After the onset of the pandemic, from April 1, 2020 to February 23, 2022, a total of 2.10 lakh claims amounting to Rs 4,194.28 crore were paid with a settlement rate of 99.72 per cent, he said. Sitharaman said that 28.37 crore people have also enrolled for accident cover under the Pradhan Mantri Suraksha Bima Yojana (PMSBY). During this period, an amount of Rs 1,930 crore has been paid in respect of 97,227 claims. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) provides a life insurance cover of Rs 2 lakh while PMSBY provides Rs 2 lakh in case of death or permanent disability and Rs 1 lakh in case of temporary disability. Referring to the Atal Pension Yojana (APY), the Finance Minister said that so far more than four crore people have registered under this pension scheme.

Policy changes create new opportunities for the private sector

Finance Minister Nirmala Sitharaman has said that the policy changes made by the government led by Prime Minister Narendra Modi have created new opportunities for the private sector. He said that now the private sector can also manufacture those goods which were once manufactured only by the public sector establishments. The Finance Minister said that during the tenure of the previous governments, manufacturing opportunities were kept limited. Sitharaman said that after the announcement of liberalization in the year 1991, some good things happened, but the changes made by the Modi government provided new opportunities to the private sector especially MSMEs.

Edited By: Manish Mishra