If you thought that social security schemes are only for rural residents, think again. Nearly half of the total subscribers of the three social schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) – are from urban areas.
As per the figures on http://www.jansuraksha.gov.in/, nearly 6.3 crore of about 13 crore who have enrolled in these schemes are urbanites (as on September 26, 2016). More people from urban areas (15.88 lakh) have enrolled for APY than their rural counterparts (15.82 lakh). Similarly, more people from urban areas (1.54 crore) have enrolled for PMJJBY than their rural counterparts (1.51 crore).
The government had announced the above three social security schemes pertaining to the insurance and pension sectors in the 2015 Budget in a bid to move towards creating a universal social security system, targeted especially towards the poor and the underprivileged. It, however, seems that the targeted population is still away from getting the real benefit of these schemes.
Please click here to read more.