Chief Minister N. Chandrababu Naidu has favoured integration of bank accounts opened by the poor under Jan Dhan Yojana, Aadhaar details and Mobile numbers (JAM) of individual beneficiaries for effective implementation of the welfare schemes covering the last mile. Once such integration is achieved, it would help the State and Central governments deliver the schemes at the doorstep of the common man. The move would go a long way in significantly improving savings and help banks perform better. The Chief Minister cited the example of a pilot project relating to disbursal of pensions in Krishna district where more than half the beneficiaries preferred keeping the amount in their savings accounts.
He was speaking at a meeting organised in connection with the launch of the Pradhan Mantri Suraksha Bima Yojana and other schemes here on Saturday in the presence of Defence Minister Manohar Parrikar. Mr. Naidu said the three social security schemes – Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana - launched across the country were aimed at taking the fruits of economic reforms to the common man.
Though several programmes including Garibi Hatao and housing for poor were launched in the past, they did not meet the aspirations of the poor. “The Central government under the leadership of Prime Minister Narendra Modi is trying to instil confidence in the poor by launching schemes aimed at providing insurance coverage for them,” he said.
Mr. Parrikar said the launch of the three schemes within a year of coming to power marked yet another milestone reflecting the commitment of the BJP-led NDA government form the welfare of the poor.
“The three schemes form a trident, a trishul, providing social security cover to the common man,” he said. Since the schemes had been formally launched on Saturday, it was for the banks to take them to the last person who really needed insurance. “In India, insurance is taken by the persons who don’t need it,” he said. The Chief Minister and the Union Minister later gave away registration certificates and passbooks to beneficiaries.
The move will go a long way in improving savings and help banks perform better, CM says
