Balrampur, May 9: The Prime Minister’s Security Insurance Scheme (PMSBY) and the Prime Minister’s Jeevan Jyoti Bima Yojana (PMJJBY) celebrated their 11th anniversary on Saturday. Launched by Prime Minister Narendra Modi on May 9, 2015, these initiatives aim to provide a safety net for the poor, laborers, farmers, and middle-class families at a minimal premium.
Over the past decade, these schemes have offered financial support to millions of families in challenging situations, serving as a beacon of hope during crises.
Shailesh Gupta, a resident of Ramanujganj in Balrampur district, spoke to the news agency INS, highlighting the significant support these schemes provide to the underprivileged and middle class. He noted that the PM Security Insurance Scheme has strengthened many families financially. With a very low premium, individuals receive substantial coverage, offering relief in times of accidents or emergencies.
He explained that when a family faces an unexpected crisis, concerns about medical expenses and daily living costs become paramount. During such times, this scheme provides essential financial assistance, preventing families from falling apart.
Shailesh expressed gratitude towards Prime Minister Modi and urged others to take advantage of this scheme and encourage others to do the same.
B.D. Lal Gupta, a resident of the Purandiha village panchayat, shared that his account at the State Bank of India automatically deducts a mere ₹20 annually as premium. He mentioned that many impoverished families find the PM Security Insurance Scheme to be a significant help when accidents occur at home. He thanked Prime Minister Modi for making such extensive coverage available for just ₹20, a highly beneficial step for the poor.
Similarly, Sitaram Gupta from the Devgai village panchayat noted that the PM Security Insurance Scheme, initiated on May 9, 2015, offers insurance coverage of up to ₹2 lakh. He emphasized that no one can predict when an accident might happen, and having access to ₹2 lakh can be a tremendous support for a poor family. He thanked Prime Minister Modi, stating that such schemes are a boon for the underprivileged, and everyone should benefit from them.
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