Amplifying the reach of Jansuraksha Schemes as a step toward Financial Inclusion

Bangalore, October 19, 2023: The State Bank of India, the country’s largest public sector bank, to support the Government’s Jansuraksha campaign, organized a day-long workshop for its Lead District Managers and Nodal officers from various regions. The workshop focussed on sensitizing employees to amplifying the reach and understanding of Pradhan Mantri Jeevan Jhoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to cover every eligible citizen under these schemes.

Launched to cater to financial needs during unforeseen events, PMJJBY provides life insurance and PMSBY provides accidental insurance cover of ₹2.00 lacs each at a nominal premium of ₹436 and ₹20 per annum, respectively. The program launched by the Chief General Manager, of Hyderabad Circle, Chief General Manager (FI), and General Manager (FI) Corporate Centre, Mumbai, will focus on ensuring mass awareness about these schemes with the help of SBI employees.

All the Lead District Managers (LDMs) allocated to SBI, SLBC officials, and Nodal Officers (Lead Bank) from the State/UTs of Andaman and Nicobar Islands, Sikkim, West Bengal, Bihar, Jharkhand, Odisha, Andhra Pradesh, Tamilnadu, Kerala, and Karnataka participated in the workshop.

With this initiative, SBI strengthens its commitment to Financial Inclusion. At the launch, Dr. P.C.Saboo, CGM(FI), emphasized that “The Bank’s goal is to cover all the eligible citizens under the Jansuraksha Scheme by spreading awareness about these products through SBI’s strong network”.

Shri Rajesh Kumar, CGM, Hyderabad Circle, motivated participants to facilitate banking services including Government Schemes like PMJJBY, PMSBY, etc. to all the sections of the society, particularly to the unbanked and under-banked strata to fulfill the aspiration of Financial Inclusion. The Bank officials were instructed to successfully conduct these camps at each Gram Panchayat and Ward across the country.

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