11 Years of Jan Suraksha Schemes

Governance

Context

Recently, PM Modi highlighted the impact of flagship social security schemes launched by the Union Government 11 years ago, including the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY).

Pradhan Mantri Suraksha Bima Yojana

Launched in – 9th May 2015
Implementation – Ministry of Finance
Objective – It provides an insurance policy to the people belonging to the underprivileged sections of society.

Key features of the scheme

It offers a life cover of Rs. 2 lakhs for one year to all its account holders. This life cover is provided in case of accidental death or permanent disability.
A life cover of Rs. 1 lakh is provided to the beneficiary in case of partial disability.
This scheme can be availed by any individual aged between 18 years to 70 years.
In case of the death of the account holder, the benefits of the scheme can be availed by his/her nominee.
Premium – The scheme provides an annual premium of Rs. 12 per annum per member. This premium is auto-debited in one instalment on or before 1st June of every year.

Atal Pension Yojana

Launched in – May, 2015
Objective – To create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector.
Administered By – PFRDA through NPS.
Eligibility – Any citizen of India can join the APY scheme. The age of the subscriber should be between 18-40 years.

Benefits

It provides a minimum guaranteed pension ranging from Rs 1000 to Rs 5000 on attaining 60 years of age.
The amount of pension is guaranteed for lifetime to the spouse on the death of the subscriber.
In the event of death of both the subscriber and the spouse, the entire pension corpus is paid to the nominee.

Pradhan Mantri Jeevan Jyoti Bima Yojana

Launched in – 9th May 2015
Implementation – Ministry of Finance
Objective – To provide life insurance security to the poor and low-income section of the society.
Eligibility – This scheme can be availed by people aged between 18 years to 50 years.

Key features of the scheme

The scheme offers a maximum assured amount of Rs.2 lakhs.
In case of the death of the insured person, the next eligible beneficiary is provided with a death benefit including a death coverage of Rs. 2,00,000.
Premium – The premium for this scheme is Rs. 330 per annum

Defence

In News

India conducted the successful flight-trial of an Advanced Agni missile with Multiple Independently Targeted Re-Entry Vehicle (MIRV) system from Dr APJ Abdul Kalam Island, Odisha.

MIRV technology

Abbreviation – Multiple Independently Targetable Reentry Vehicle
Uniqueness – The technology has the capability that allows multiple warheads to be loaded on a single missile delivery system and programmed to hit different targets, thus greatly enhancing the missile’s destructive potential.

Agni Missiles

The Agni missile class is the backbone of India’s nuclear launch capability.
Developed by – Agni-1 to 5 missiles are designed & developed by Defence Research and Development Organisation (DRDO).

Other Ranges of Agni Missiles

Agni I: Range of 700-800 km.
Agni II: Range more than 2000 km.
Agni III: Range of more than 2,500 Km
Agni IV: Range is more than 3,500 km and can fire from a road mobile launcher.
Agni-V: The longest of the Agni series, an Inter-Continental Ballistic Missile (ICBM) with a range of over 5,000 km.

Integrated Guided Missile Development Programme (IGMDP)

Launched in – 1983
Conceived by – IGMDP was conceived by Dr. APJ.Abdul Kalam in the 1980s.
Objective – To enable India to attain self-sufficiency in the field of missile technology.

The missiles developed under IGMDP are