The schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana -- were simultaneously launched at the Delhi Secretariat, which was among 115 locations across the country.
Delhi Health Minister Satyendra Jain, who was speaking here during the live broadcast of the launch of three schemes by the Prime Minister in Kolkata, said, "So far poor people do not even know the meaning of the word 'insurance', it would be first experience for them. We support these schemes and will promote in Delhi so that poor people and those working in unorganised sector can take benefit of these schemes."
Live broadcast of the event at the Delhi Secretariat was attended by Minister of State for Parliamentary Affairs Rajiv Pratap Rudy and BJP MP Meenakshi Lekhi, besides bankers and insurance company officials.
Sharing his earlier experience, Rudy said, "During my college days I was actively working in Bihar, when a fire broke out in shanties. However, the state government then had insured these shanties through the medium of GIC but many kids got burn injuries. I thought of helping them in getting compensation but despite making all the efforts for six months I could not get compensation for them due to various rules made by the government."
Claiming it to be the biggest pension and insurance scheme of the world, Rudy said, "...I feel proud that I am working with a man (Narendra Modi) who thinks about each and every citizen of the country who had been ignored for the last 60 years. Having a bank account was beyond a poor man's dream and now 15 crore people have accounts."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
