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Three social security schemes launched: Modi says poor needs to be benifited

New Delhi: Drawing inspiration from the success of the Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi launched three social security schemes here on Saturday. 

While launching the schemes, Modi pointed out that the need for the three schemes came from the realisation that while between 80 to 90 per cent of Indians do not have any kind of insurance, only around 10 to 15 per cent receive some kind of pension. 

“With Jan Dhan Yojana, we provided banking services to those who did not have bank accounts. Today, I have come to provide social security cover to those who are uninsured,” he said at the event in Nazrul Mancha here.

Modi pointed out the significance of launching the schemes on Rabindranath Tagore’s 155th birth anniversary and quoted lines from his works to say that the “poor did not need help but needed the power” to come out of poverty. 

“Though the schemes are going to be officially launched on ground from June 1, we have already received more than 5.5 crore applications for enrolment since it was opened for the public on May 1,” Modi said, congratulating West Bengal for its 42 lakh applications. 

Echoing the words of Chief Minister Mamata Banerjee, who addressed the gathering before him, Modi said: “Schemes can be launched but if benefits do not reach the poor, there would be no point in such schemes. We aspire to ensure that.”

Explaining the details of the schemes, he said that under Pradhan Mantri Suraksha Bima Yojana, any bank account-holder can get insurance cover of Rs 2 lakh for Rs 12 a month, including natural calamities.

Under Pradhan Mantri Jeevan Jyoti Yojana, one can get insurance cover for annual premium of Rs 330, with no usual complications in modalities like health check-ups.

Talking about Atal Pension Yojana, named after former prime minister Atal Bihari Vajpayee, he said that any citizen between the age of 18 and 40 can avail the scheme and will mandatorily get pension between Rs 1,000 and Rs 5,000 depending on the option they opt for. 

“Even a farmer can think of enjoying a pension, something which has been unheard of till date,” said the prime minister.

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