SBI empowers district managers to expand Jansuraksha schemes at grassroots level, aims to ensure financial security through PMJJBY and PMSBY

India's largest bank — State Bank of India (SBI) — has organised a comprehensive workshop aimed at enhancing the outreach of Jansuraksha Schemes at the Gram Panchayat level. The workshop organised by the bank brought together SBI officials from 11 states and Union Territories with the goal of empowering the Lead District Managers to facilitate the adoption of two important schemes: Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) among eligible citizens. 

The official release stated that as part of this drive, SBI officials will drive awareness through organizing successful camps in every Gram Panchayat and Ward in each district across the nation.

Under the PMJJBY scheme, individuals can obtain life insurance coverage, while PMSBY offers accidental insurance cover of Rs 2.00 lakh each, all at an affordable premium of Rs 436 and Rs 20 per annum, respectively.

The inauguration of this significant program was attended by Prashant Kumar Goyal, Joint Secretary (FI) from the Department of Financial Services, Government of India, Alok Kumar Choudhary, Managing Director (RB & O) at SBI, and Dr. P.C. Saboo, Chief General Manager - Financial Inclusion, SBI Corporate Centre, Mumbai. 

The workshop also saw the participation of all Lead District Managers (LDMs) responsible for districts assigned to SBI, SLBC officials, and Nodal Officers (Lead Bank) from the states and Union Territories of Uttar Pradesh, Rajasthan, Haryana, Punjab, Himachal Pradesh, Jammu & Kashmir, Maharashtra, Gujarat, New Delhi, Uttarakhand, and Daman & Diu.

As per the bank, the initiative underscores SBI's unwavering commitment to financial inclusion. Talking about this, Prashant Kumar Goyal, Joint Secretary (FI), Department of Financial Services, Government of India, emphasized the objective of achieving complete coverage of eligible citizens under the Jansuraksha Scheme, stating, "Our goal is to cover 100% eligible citizens under Jansuraksha Scheme."

Alok Kumar Choudhary, MD (RB & O) at SBI, motivated the participants to extend banking services, including government schemes like PMJJBY and PMSBY, to all sections of society, with a particular focus on unbanked and under-banked areas.