Social security cover extended to around 50 crore people from 5 crore in 2014, says Narendra Modi

Modi said beneficiaries under various social security schemes stood at about 5 crore in 2014, which has now increased to 50 crore.

Press Trust of India June 27, 2018 11:59:18 IST
Social security cover extended to around 50 crore people from 5 crore in 2014, says Narendra Modi

New Delhi: Prime Minister Narendra Modi on Wednesday said social security cover has now been extended to around 50 crore people in the country, an increase of about 10 times since 2014.

"The social security schemes of the Government of India help cope with the uncertainties of life," Modi said.

The prime minister was interacting with beneficiaries of various social security schemes of the government through video conferencing. He said beneficiaries under various social security schemes stood at about 5 crore in 2014, which has now increased to 50 crore.

Referring to the financial inclusion programme Pradhan Mantri Jan Dhan Yojana, he said the emphasis was on three aspects -- opening the doors of the banks for the poor, or banking the unbanked; access to capital for small business and budding entrepreneurs, or funding the unfunded; and a social security cover for the poor and vulnerable, thus financially securing the unsecured.

Social security cover extended to around 50 crore people from 5 crore in 2014 says Narendra Modi

A file photo of Narendra Modi. AP

About 28 crore new bank accounts have been opened under the Jan Dhan scheme.

"I am particularly happy that more women have bank accounts. It is important for women to be in the financial mainstream," he said.

The government is promoting schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana.

There are about 1 crore subscribers of the assured minimum pension scheme Atal Pension Yojana.

The government is also promoting Pradhan Mantri Vaya Vandana Yojana for citizens aged 60 years and above. About 3 lakh people have so far benefited from the scheme.

Updated Date:

also read

Narendra Modi to inaugurate FinTech leadership forum on 3 December
India

Narendra Modi to inaugurate FinTech leadership forum on 3 December

The forum will bring together the leading minds of the world in policy, business and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry

From failed talks, violence to deaths, a timeline of farmers' protest as Centre set to repeal all three farm laws
India

From failed talks, violence to deaths, a timeline of farmers' protest as Centre set to repeal all three farm laws

Prime Minister Narendra Modi on Friday announced that the government has decided to repeal the three farm laws, which were at the centre of protests by farmers for the past year

Narendra Modi to deliver keynote address at The Sydney Dialogue today
India

Narendra Modi to deliver keynote address at The Sydney Dialogue today

An initiative of the Australian Strategic Policy Institute, the Sydney Dialogue is being held from 17 to 19 November