India Inc Hails PM Narendra Modi’s Social Security Initiatives

0
61

narendra-modiIndiaCSR News Network

NEW DELHI: Welcoming the launch of three mega social security initiatives — one pension and two insurance schemes — by Prime Minister Narendra Modi, India Inc has said it is a giant step towards creating a social security framework and will boost financial inclusion in the country.

Establishing linkages of three social security schemes with bank accounts will go a long way in expanding penetration of insurance and pension in the country and serve the cause of extending universal social security cover in most economical and efficient manner.

“This is huge step in the direction of creating universal social security system in India” CII President Sumit Mazumder said.

Modi has recently launched three social security schemes in Kolkata, namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).

Trainign on CSR in India by IndiaCSRThe initiatives are aimed at providing affordable universal access to essential social security protection in a convenient manner.

“This is a very important step forward in our country’s ability to provide adequate and affordable social protection to all citizens and widen the financial security net to the unorganized and underprivileged sector” Ficci President Jyotsna Suri said.

“We would extend our full support in promoting enrollment under these insurance schemes by connecting with our members and requesting them to encourage their employees to benefit from these schemes” she added.

The schemes are expected to address the issue of very low coverage of life or accident insurance and old age income in the country.

Pradhan Mantri Jeevan Jyoti Bima Yojana will offer a renewable one year accidental death-cum-disability cover of Rs 2 lakh for partial/permanent disability to all savings bank account holders in the age group of 18-70 years for a premium of Rs 12 per annum per subscriber.

 

 

(IndiaCSR is renowned and is No.1 news portal in the domain of CSR, which is live since 2009. INDIACSR (www.indiacsr.in) is for you and your organization. Kindly support it. We welcome reactions to stories, comments on issues that interest you, feedback & comments from your side to make it more purposeful and resourceful, we will carry it in our portal. Please send us your valuable  feedback, suggestions and news, press releases, articles and contributions at editor@indiacsr.in. You can also find updates at facebook Page IndiaCSR News Network)

Comments

comments

SHARE
Previous articleSebi to Enter Social Media for Investor Awareness Campaigns
Next articleJSPL Awarded For Successful Collaboration in CSR Projects
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in