back Back

SBI aims to expand Jansuraksha schemes reach in Rural India

By Gloria Mathias

October 25, 2023

  • Daman & Diu
  • Fintech news
  • Fintech news India
Share

BI, State Bank of India, India, Gram Panchayat, Rural India, InsurTech, Insurance India, The State Bank of India (SBI) has organised a comprehensive workshop aimed at enhancing the outreach of Jansuraksha schemes at the Gram Panchayat level.

The workshop brought together bank officials from 11 States and Union Territories with the goal of empowering the Lead district Managers to facilitate the adoption of two important schemes:

Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) among the eligible citizens. As part of this drive, officials of the Bank will raise awareness by organising successful camps in every Gram Panchayat and Ward in each district across the nation.

This initiative underscores SBI’s unwavering commitment to financial inclusion. It seeks to ensure financial security through PMJJBY and PMSBY.

Under the PMJJBY scheme, individuals can obtain life insurance coverage, while PMSBY offers accidental insurance coverage of ₹2.00 lacs each, all at an affordable premium of ₹436 and ₹20 per annum, respectively.

The workshop saw the participation of all Lead District Managers (LDMs) responsible for districts assigned to SBI, SLBC officials, and Nodal Officers (Lead Bank) from the States and Union Territories of Uttar Pradesh, Rajasthan, Haryana, Punjab, Himachal Pradesh, Jammu & Kashmir, Maharashtra, Gujarat, New Delhi, Uttarakhand, and Daman & Diu.

Prashant Kumar Goyal, Joint Secretary (FI), Department of Financial Services, Government of India, emphasising the objective of achieving complete coverage of eligible citizens under the Jansuraksha Scheme, stated, “Our goal is to cover 100% eligible citizens under the Jansuraksha Scheme.”Shri. Alok Kumar Choudhary, MD (RB & O) at SBI, motivated the participants to extend banking services, including government schemes like PMJJBY and PMSBY, to all sections of society, with a particular focus on unbanked and under-banked areas.”

Previous Article

October 25, 2023

Ebury opens new operations base in Malaga, Spain

Read More
Next Article

October 25, 2023

Blubirch bags $10.2m Series A funding to expand footprint in India

Read More









IBSi Daily News Analysis

islamic finance, fintech

November 28, 2023

Daman & Diu

A $4 trillion Islamic banking market to be driven by FinTech, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 28, 2023

Genio Diligence joins Mia-Platform Partner Network

Read More

November 28, 2023

FinTech Investment 2024: Early-Stage Opportunities Soar

Read More

November 28, 2023

DIGISEQ and Infineon launch pre-certified concentric ring inlay

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
Next-Gen Debt Collection Systems Growing Importance of Collections Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023