Awareness meet on PM, Atal schemes today #GUWAHATI #PMSBY #PMJJBY #AtalPensionYojana #PradhanMantri – A meeting for awareness on the Prime Minister’s social security schemes namely Pradhan Mantri Suraksha Bima Yojana(PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Atal Pension Yojana(APY) and Pradhan Mantri Mudra Yojana will be held on July 15 at the Satyanath Bora […]
Insurance companies face steep challenges from Pradhan Mantri Jeevan Jyoti Bima Yojana
#NarendraModi #LifeInsuranceCorporation #lifeInsurance, #PMJJBY #AtalPensionYojana #ICICIPrudential Insurance companies are finding it tough to compete with the government’s ultra-cheap scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana, as they unable to match the state at the lower end of the life cover business. Under the scheme, the government offers life insurance cover of Rs 2 lakh for a premium of Rs […]
SBI, PNB lead Jan Suraksha enrolments to 104 mn
#Insurance #Lic #SBI #JanSuraksha #LifeInsrance #JanDhan #BajajAllianz #PunjabNationalBank – Banks including PNB had tied-up with LIC in life and public general insurers for accident cover The Jan Suraksha scheme has witnessed over 100 million enrolments in about two months in its life and accidentinsurance segments.As on July 1, banks enrolled about 104 million account holders […]
Maharashtra government to insure more than 1 crore farmers
Maharashtra government to insure more than 1 crore farmers. The Maharashtra government has decided to insure 1 crore and 35 lakh farmers under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), where premium of Rs 12 per annum for a life cover of Rs 2 lakh would be paid by the state government. “We have decided […]
One crore in state join PM’s social security schemes
One crore in state join PM’s social security schemes. Chief Secretary Antony De Sa, presiding over a State-level Bankers Committee meeting here on Wednesday, exhorted the bankers and state government officials to make greater efforts for better results in employment schemes. He said 97-99 per cent disbursement of loans under Mukhyamantri Yuva Udhyami Yojana, Mukhyamantri […]
States important partners in implementing labour welfare measures, Union minister says
States important partners in implementing labour welfare measures, Union minister says. Bandaru Dattatreya, minister of state (independent charge) for labour and employment said on Monday, state governments are “important partners in the implementation of the labour welfare measures.” Dattatreya was speaking at the regional labour ministers’ conference for north central region at Lucknow on today. […]
Making financial inclusion viable
Making financial inclusion viable Recently launched social schemes can improve business for rural banking outlets Financial inclusion has been high on the Modi-led Government’s agenda. Apart from mandating banks to open more accounts in rural areas, the Centre is also pitching to make financial inclusion initiatives more viable this time around. For one, the government’s […]
Maximising the post office
Instead of hamstringing public sector banks with social schemes, it is time to transfer many of these financial tasks to India Post. Public sector bank employees are so overwhelmed by the sheer number of government-sponsored schemes they are saddled with, that they have begun to come up with parodies. One such spoof scheme is what […]
Banks to hold enrolment camps in Asaigoli, Mudipu
The camps are being held to help people utilize various government aid programs and open bank accounts. Syndicate Bank, the lead bank of the district, will hold camps in Asaigoli and Mudipu near Mangaluru on Sunday to enrol people for three social security schemes launched by the Prime Minister. Other banks namely Union Bank, Canara […]
Enrol MNREGA workers under social scrutiny schemes: Govt
In a communication sent to all states including Congress- ruled Kerala, Union Rural Development Ministry has also asked them to disburse MNREGA wage payment through the banking network operated by banking correspondents wherever functional banking correspondents are deployed by the banks. Celebrating one year in office, the NDA government has asked states to enrol all […]