1.

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.


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