Explain in short the social security schemes for poverty eradication.
Answer»
Social security schemes:
As a strategy to reduce poverty in India, various social security schemes were, started for workers of unorganized sector.
Atal Pension Yojna (APY) was started on 9th May, 2015 to provide monthly pension to people above 60 years.
Along with the pension scheme a scheme called Prime Minister Security Scheme was also launched. Under this scheme, people in the age of 18 to 70 years are provided accident insurance of ₹ 2 lac at a very low premium of ₹ 12. Under Jivan Jyoti Scheme people are provided life insurance of ₹ 2 lakhs at a premium of ₹ 330 per year.
To safeguard farmers from crop failure Prime Minister Fasal Bima Yojna was (PMFBY) started.