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Centre reviews Odisha’s preparedness for rollout of social security schemes

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Odisha Sun Times Bureau
Bhubaneswar, May 4:

Economic Adviser to the Central government Dr Sashank Saxena today reviewed the state of preparedness in Odisha ahead of the scheduled rolling out of the Pradhan Mantri Surakshya Bima Yojana (PMSBY), Pradhan Mantri Jeevan Bima Yojana (PMJBY) and Atal Pension Yojana (APY) on April 9.

Orissa-Secretariat-291x21825084

Apart from reviewing the arrangements made for successful implementation of and customer registration for PMSBY, PMJBY and APY schemes by all banks and insurance companies in the state, Saxena directed banks to submit reports on a daily basis on this account.

Application forms of the schemes and scheme guidelines have been prepared in Odia for the convenience of the general public, informed BP Samantaray, convener State Level Bankers’ Committee. These have been emailed to all bank branches, he revealed.

Mission Director of the programme and additional secretary Finance Department Dr Tapan Kumar Pradhan asked banks to furnish district-wise success reports. All government departments, departmental heads and district collectors have been advised to involve government employees in the extension and publicity of the schemes.

Premium for these insurance schemes will be deducted from the bank accounts of customers between May 25 to June 1 and the insurance policy will be renewed automatically every year. These insurance schemes will have nomination facilities.

The Central government will contribute 50 percent of the premium paid by the customer subject to a maximum of Rs 1000. Policy holders under other insurance and pension schemes will be eligible for partaking in these social security schemes, informed Dr Kumar.