Latest news with #SurakshaBimaYojana
The Wire
17-07-2025
- Business
- The Wire
'NITI Aayog No Substitute,' Says Ex-Bureaucrat as Govt Moves 9 Flagship Schemes Out of Usual Appraisal System
'By doing away with such an appraisal process, and bringing in NITI Aayog, the government is blocking doors to a professional socio-economic appraisal of schemes – something that is essential.' An illustration on the Ayushman Bharat Digital Mission's official site. New Delhi: Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, and PM Kisan, are among nine of the Narendra Modi government's flagship schemes that the government has decided to keep outside the ambit of the ongoing appraisal process for central sector programmes, Economic Times has reported. Speaking to The Wire, a former secretary in the finance department has called this a move by the government to block doors to a professional socio-economic appraisal of schemes. The report says that in a letter dated July 4, the Department of Expenditure asked the respective ministries and departments to exclude the schemes from the standard appraisal process. This exclusion will remain in place for the next five years, starting April 1, 2026, the report said. These schemes, the letter said, will be evaluated and appraised in detail by the planning think-tank NITI Aayog's Development Monitoring and Evaluation Office. An unnamed senior official quoted by ET noted that this is because some of these schemes will need "some structural changes." "Niti Aayog has been tasked to do the detailed exercise so there is no duplicity of efforts,' the official told ET. The full list of the schemes are: Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, PM Kisan, Ujjwala Yojana, PM Jan Dhan Yojana, PM Stand Up India, PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana, and a scheme under the Department for Promotion of Industry and Internal Trade to refund central GST and integrated GST to industrial units in northeastern and Himalayan states. In addition, schemes related to the Department of Space and the Department of Atomic Energy and the National e-Vidhan scheme are also outside the ambit of the appraisal process. A former secretary in the finance department told The Wire that the NITI Aayog is no substitute for an established system of appraisal. The former bureaucrat said that the established practice is that a Public Investment Board (PIB) headed by the expenditure secretary appraises all new schemes that involve large investments. The erstwhile Planning Commission – under the Manmohan Singh-led United Progressive Alliance government – used to have a Project Appraisal Division (PAD) that had expertise in evaluating such schemes and projects. The PAD would give inputs to the PIB for appraisal. The PIB's recommendations on the scheme would then be looked at by the Cabinet for a final decision. The former IAS officer, who headed the PAD and PIB, noted that PAD and PIB inputs added value to schemes. "While recommending a scheme to the Cabinet with improvements, I remember setting apart a small percentage of the investment for independent social audits to provide feedback during implementation," he noted. He also added that NITI Aayog "woefully lacks the required expertise, as PAD used to conduct social-cost social-benefit appraisal, which NITI Aayog is not in a position to do." "By doing away with such an appraisal process, and bringing in NITI Aayog, the government is blocking doors to a professional socio-economic appraisal of schemes – something that is essential," he added. The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
Time of India
07-07-2025
- Business
- Time of India
Banks start campaign for fin inclusion
Jaipur: All the banks in the state started a three-month campaign from July 1 to deepen the adoption of Jan Dhan Yojana accounts, Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and other welfare schemes. As part of the move, camps will be held in all the gram panchayats of the state to onboard people who remain left out from accessing essential social security services such as banking, insurance, and pension. M Anil, General Manager and Zonal Head of Bank of Baroda, which is the convener of the State Level Bankers Committee, said, "The key components of the campaign include re-verification of existing inactive accounts under Jan Dhan Yojana, opening new bank accounts for individuals who do not have one yet, and promoting enrollment in the Suraksha Bima Yojana, Jeevan Jyoti Bima Yojana, and Atal Pension Yojana." TNN
India Gazette
09-05-2025
- Business
- India Gazette
PM Suraksha Bima Yojana sees 443% surge in enrolments
ANI 09 May 2025, 12:39 GMT+10 New Delhi [India], May 9 (ANI): The Ministry of Finance on Friday said the Prime Minister Suraksha Bima Yojana witnessed a rise of 443 per cent in its customer base from March 2016 to April 2025.'Ensure financial stability for your loved ones with PM Suraksha Bima Yojana! Cumulative enrolments under PMSBY have risen by 443%, from 9.40 Cr in March 2016 to 51.06 Cr in April 2025. Affordable security at just Rs20 per year! #10YearsofJansurakshaSchemes #10YearsofPMSBY,' the Ministry of Finance said in a post on the social media site 'X'.The scheme saw enrolments climb to 15.47 crore by March 2019, 28.19 crore in March 2022, and 50.78 crore in March 2025, culminating in the current tally of 51.06 crore by April 23, is a government-backed accident insurance scheme in India that provides financial protection in case of death or disability to the subscriber due to an accident. The plan offers a sum assured of Rs 2 lakh at a nominal premium of Rs 20 per scheme is available to all those in the age group of 18 to 70 years, with a bank or post office account. The eligible candidates have to give their consent to enable auto debit of the premium from their bank account. With automatic debits, the permission of the account holder is given to the firm, which can then debit funds from the person's bank government also has several other social benefits schemes similar to this one, which includes the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) provides an annual health cover of Rs. 5 lakh per eligible family for secondary and tertiary care hospitalization. It is a completely cashless and paperless Mantri Shram Yogi Maan-Dhan (PM-SYM) pension scheme, launched in 2019, aims to offer old-age protections. It provides a monthly pension of Rs 3,000 after attaining the age of 60 years to the eligible government had also launched an e-Shram portal last year, with an objective to create a National Database of unorganised workers. (ANI)
Hindustan Times
21-04-2025
- Business
- Hindustan Times
PM Internship scheme 2025 registration ends tomorrow, apply at pminternship.mca.gov.in
The deadline to apply for the Prime Minister Internship Scheme (PMIS) Phase 2 of its pilot phase, is tomorrow, April 22, 2025. Candidates eyeing for hands-on industry experience and internship opportunities at top companies can apply at Previously, the deadline was March 31, 2025, which was later extended to April 15, 2025, followed by a further extension to April 22, 2025, providing youth more time to apply. Below is an overview of the PM Internship scheme, eligibility criteria, how to apply, and the Benefits of the scheme: The Scheme was launched by the Ministry of Corporate Affairs and announced in the Union Budget 2024. It aims to provide one crore internship opportunities to young people for the next five years. Applicants will receive a monthly stipend of ₹4,500 from the government and an additional ₹500 from participating companies as part of their CSR initiatives. Upon enrollment, a one-time grant of ₹6,000 will be provided, along with insurance coverage under the PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana. SSC to implement Aadhaar Based Biometric Authentication in upcoming exams, here's what candidates will have to do IIT Delhi UG students bag over 850 unique job offers, highest in three years AP DSC 2025: Mega DSC registration begins at link to apply There is no application fee. A resume will be generated based on the candidate's application. Each candidate can apply for a maximum of five opportunities. For more related details candidates can check the official website of PM Internship Scheme.
