Gist of Kurukshetra- Rural Prosperity: Government initiatives for social and economic security:
Published: 7th Oct, 2019
- Pradhan Mantri Jan Dhan Yojana(PMJDY)
- To make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
- It aims to bring banking services to large rural areas.
- Pradhan Mantri Jeevan Jyoti Bima Yojana
- Available to people between 18 and 50 years of age with bank accounts.
- It has an annual premium of Rs. 330 and GST is exempted on it.
- Pradhan Mantri Mudra Yojana (PMMY)
- To ‘fund the unfunded’ by bringing such enterprises to the formal financial system and extending affordable credit to them.
- It enables a small borrower to borrow from all Public Sector Banks such as PSUs, RRBs, MFI and NBFCs.
- Pradhan Mantri Vaya Vandana Yojana
- It is a pension scheme exclusively for the senior citizens aged 60 years and above.
- Provides an assured return of 8 percent p.a payable monthly for 10 years.
- Pradhan Mantri Suraksha Bima Yojana
- It is a government-backed accident insurance scheme.
- It is available to people between 18 and 70 years of age with bank accounts.
- Atal Pension Yojana
- It is a government-backed pension scheme, primarily targeted at the unorganized sector.
- Under this scheme, all subscribing workers below the age of 40 are eligible for pension up to Rs. 5000 per month on attainment of 60 years of age.
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Two aspects of Social Security by Amartya Sen and Jeane Dreeze:
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