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Social security cover extended to 50 crore people, up from about 5 crore in 2014: PM Modi

Social security cover extended to 50 crore people, up from about 5 crore in 2014, PM Modi said while interacting with lakhs of people across the country.

Edited by: India TV News Desk, New Delhi [ Updated: June 27, 2018 14:27 IST ]

PM Modi interacting with beneficiaries of several government schemes. 

Prime Minister Narendra Modi  interacted with beneficiaries of various social security schemes through video conferencing on Narendra Modi (NaMo) app on Wednesday. Social security cover extended to 50 crore people, up from about 5 crore in 2014, PM Modi said while interacting with lakhs of people across the country. "The social security schemes of the Government of India help cope with the uncertainties of life," the PM said. 

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. 

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. 

With an eye on the 2019 Lok Sabha polls, the Bharatiya Janata Party (BJP) government is planning to extend its social security coverage to more underprivileged people in the coming months. 

Here's what all PM Modi said:

10:18 am: Over 20 crore people have been brought under the safety net of various insurance schemes such as Atal Pension scheme . The government is committed to provide insurance cover to all. Your government is sensitive towards upliftment of poor people, says PM Modi.

10:16 am: The government started Vaya Vandana Yojana last year under which citizens above 60 years get 8 per cent fixed return for 10 years. About three lakh people have been benefited from the scheme so far. Apart from this, the government is also offering tax incentives to senior citizens. The government has increased the basic limit of tax on income from Rs 2.5 lakh to Rs 3 lakh PM Modi

10:10 am: 

10:00 am: Shyama Devi from Himachal Pradesh speaks about her life journey. She has gained from the Pradhan Mantri Suraksha Bima Yojana. "I got help during a very tough time of my life," says Shyama Devi.

09:55 am: Vijaya from Telangana speaks to PM how she got help from Pradhan Mantri Jeevan Jyoti Bima Yojana after she lost her husband to Alzheimers.

09:52 am: Gobindra Chandra Sathpathy from Odisha (Ganjam district) is talking about how the Pradhan Mantri Jeevan Jyoti Bima Yojana and Suraksha Bima Yojana helped him. He serves as a priest and unfortunately lost his daughter in a road accident.

09:46 am: 

09:43 am: I am particularly happy that more women have bank accounts. It is important for women to be in the financial mainstream: PM Modi

09:38 am: We emphasised on three aspects: Open the doors of the banks for the poor- banking the unbanked. Access to capital for small business and budding entrepreneurs- funding the unfunded . A social security cover for the poor and vulnerable - financially securing the unsecured: PM Modi

09:35 am: The social security schemes of the Government of India help cope with the uncertainties of life: PM Modi

09:32 am: Social security schemes empower people. People from underprivileged sections of society received help from various social security schemes started by our government: PM Modi

09:30 am: Today I have got an opportunity to connect with people who faced some problems in their lives but emerged stronger and victorious, says PM Modi.

The government will add more features to its insurance scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and others in order to cover more people.

In the last three years, reportedly, only around 5.5 crore people have been covered and the government’s new target is to cover all people with Jan Dhan accounts. 

With more than 31.67 crore Jan Dhan account holders in the country, ‘Jan Dhan Yojana’ has turned out to be one of the most successful schemes of the Narendra Modi government.

WATCH: What PM Modi said during interaction with beneficiaries of various schemes

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