Pics: Spoorthi Ullal
Daijiworld Media Network - Mangaluru (MD)
Mangaluru, May 7: Corporation Bank on Thursday May 7 organized a press meet on behalf of various banks of Dakshina Kannada to announce the dedication of three social security schemes by Prime Minister Narendra Modi, namely Pradhan Mantri Jan Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY) and Atal Pension Bima Yojana (APY) on Saturday May 9 in Kolkata.
On this occasion, a function to launch the schemes in the district will be arranged jointly by all the banks of the district at CV Nayak Hall, at 5 pm on May 9.
During the function, PM Narendra Modi’s address will be telecast live at the venue from Kolkata.
Addressing the media, general manager of Corp Bank Lakshminatha Reddy said, "Social security in the form of money is very less in India. To stabilize social security, these three schemes have been started. The public should make good use of these schemes. These schemes are available in all the banks."
He added, "From one bank account, you can avail PMSBY and PMJJBY. These two schemes are for all people. APY scheme is mainly meant for the people who are working in the unorganized sectors."
Pradhan Mantri Jan Suraksha Bima Yojana (PMSBY):
The scheme will be offered by all the public sector general insurance companies and all other insurers who are willing to join the scheme and tie up with banks for this purpose. This scheme is offered for the age group of 18 to 70 years who have a bank account. Any person, having a bank account, can give a simple form to the bank every year before 1st June in order to join the scheme. Only Rs 12 has to be paid per annum. Accidental death and full disability Rs 2 lacs and partial disability Rs 1 lac will be given under the scheme.
Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY):
This scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie up with banks for this purpose. This scheme is for the age group of between 18 to 50 years and having a bank account. People who join the scheme before completing 50 years can however continue to have the risk of life cover up 55 years subject to payment of premium. Only Rs 330 has to be paid per annum. Rs 2 lacs will be provided in case of death for any reason.
Atal Pension Bima Yojana (APY):
This scheme is a Government of India scheme, which is administered by the Pension Fund Regulatory and Development Authority. The scheme will be commenced from June 1st. This scheme is for the age group between 18 to 40 and is open to all bank account holders who are not members of any statutory social security scheme.
Sanjay Kumar Rao, Subbarao, Narendranath, Gururaj Rao, Mohan Kumar and others were also present on the occasion.