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Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on Thursday said the future needs flexible workplaces, a work-from-home ecosystem and flexible work hours, adding that these should be used as opportunities for women's labour force participation. Addressing the National Conference of Labour Ministers of all states through video conferencing in Tirupati, Prime Minister <keyword id="6354642" type="General" weightage="100" keywordseo="modi" source="Orion">Modi</keyword> reiterated the various efforts by the government like <keyword id="14813046" type="General" weightage="20" keywordseo="pradhan-mantri-shram-yogi-maandhan-yojana" source="Orion">Pradhan Mantri Shram-Yogi Maandhan Yojana</keyword>, <keyword id="2747429" type="General" weightage="50" keywordseo="pradhan-mantri-suraksha-bima-yojana" source="Orion">Pradhan Mantri Suraksha Bima Yojana</keyword> and <keyword id="6524177" type="General" weightage="80" keywordseo="pradhan-mantri" source="Orion">Pradhan Mantri</keyword> Jeevan Jyoti Bima Yojana, that have given security cover to the workers. "These schemes have assured the labourers of the recognition of their hard work and contribution. The Emergency Credit Guarantee Scheme, according to a study, saved 1.5 crore jobs during the pandemic," he said during his speech. Modi further pointed out the e-Shram portal is one of the key initiatives to bring the labour force under the ambit of social security. "In just one year, about 28 crore workers from 400 areas have been registered on the portal. This has especially benefited construction workers, migrant labourers, and domestic workers," he said. The Prime Minister requested all the ministers to integrate state portals with the e-Shram portal. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/takeouts-without-plastics-is-impractical-now-say-restaurants-with-few-or-no-eco-friendly-options/articleshow/93783273.cms">Takeouts without plastics is impractical now say restaurants with ‘few or no’ eco-friendly options</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/india-has-strong-forex-reserves-to-face-macro-difficulties-despite-the-recent-fall-sp/articleshow/93782057.cms">India has strong forex reserves to face macro difficulties despite the recent fall: S&amp;P</a>

Now, PM Modi bats for flexible workplaces and says they help women

The Indian government has several social security schemes in order to boost the financial security for the citizens and support the economic development of the country. Here is an overview of a few important social security schemes currently operating in India. <keyword id="2473706" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Jan-Dhan-Yojana">Pradhan Mantri Jan Dhan Yojana</keyword> (PMJDY) Announced by the Prime Minister on 15th August 2014, Pradhan Mantri Jan Dhan Yojana aims at the comprehensive financial inclusion of all households in the country. The aim of the scheme is to facilitate universal access to banking facilities for all households. The scheme wishes to ensure at least one bank account to every household besides promoting financial literacy, pension facility, insurance and access to credit. PMJDY provides unbanked individuals easy access to banking services combined with an awareness regarding financial products by creating financial literacy programs. The additional facilities these bank accounts carry are RuPay debit card, accident cover of Rs 1 lakh, overdraft facility to those showing up satisfactory credit history over six months. <keyword id="2750528" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Jeevan-Jyoti-Bima-Yojana">Pradhan Mantri Jeevan Jyoti Bima Yojana</keyword> (PMJJBY) The PMJJBY is provided for persons in between 18 and 50 years with a bank account. Aadhaar is the primary KYC for the bank account. The persons consenting to benefit from this scheme must enable auto debit from their account. This scheme provides Rs 2 lakh risk coverage in the event of the death of the individual on any reason. The annual premium for this scheme is Rs 330 which will be auto-debited from the subscriber’s bank account before 31st May of every year during the coverage period. <keyword id="2747429" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Suraksha-Bima-Yojana">Pradhan Mantri Suraksha Bima Yojana</keyword> (PMSBY) Available to people between the age group 18 and 70 years, the individuals must have a bank account to benefit from this program. This scheme provides a risk coverage of Rs 2 lakh for accidental death and Rs 1 lakh for partial disability. The annual premium of Rs 12 per year is auto debited from the individual’s bank account through auto debit facility. <keyword id="2746514" type="PERSON" weightage="20" keywordseo="Atal-Pension-Yojana">Atal Pension Yojana</keyword> (APY) APY is available for all persons with a savings bank or post office savings bank account between the age group of 18 and 40 years. The subscribers to this program will get a guaranteed monthly pension of Rs 1,000 or Rs 2,000 or Rs 3,000 or Rs 4,000 or Rs 5,000. In the event of his death before 60 years, the pension will be given to his spouse till the original subscriber would have otherwise attained the age of 60. Pradhan Mantri Mudra Yojana There are three sub-schemes under this program. Shishu gives a loan of Rs 50,000; Kishore gives a loan anywhere between Rs 50,000 and Rs 5 lakhs and Tarun gives a loan anywhere between Rs 5 lakhs to Rs 10 lakhs. These loans do not need collaterals. This scheme intends to create the first generation of aspiring entrepreneurs and existing small businesses that wish to expand. Stand Up India Scheme The Stand Up India scheme provides a bank loan between Rs 10 lakh and Rs 1 crore to at least one borrower from the scheduled caste or scheduled tribe category and at least one woman borrower per bank branch for the purpose of setting up greenfield enterprises in any one of the sectors including manufacturing, services or trading. Pradhan Mantri Vaya Vandana Yojana This scheme is aimed at benefiting persons beyond the age of 60 against a full fall in their income due to some unexpected market conditions. Under this scheme an initial lump sum payment of any amount between Rs 1,50,000 to Rs 7,50,000 will entitle the individual for a monthly pension of Rs 1,000 per month to Rs 5,000 per month depending on the payment made. A guaranteed return of 8% per annum will be paid to the individual on a monthly basis.

Here’s a snapshot of social security schemes in India

<keyword id="2750528" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Jeevan-Jyoti-Bima-Yojana">Pradhan Mantri Jeevan Jyoti Bima Yojana</keyword> is an innovative life insurance scheme of the Central Government of India which intends to benefit the poor and low income section of the society. Available to people between 18 and 50 years, the PMJJBY is a renewal kind of annual insurance plan that provides a life insurance coverage of Rs 2 lakhs in the event of the death of the subscriber due to any reason. The annual premium to enroll for this scheme is Rs 330 per annum. Important highlights of Pradhan Mantri Jeevan Jyoti Bima Yojana Life coverage for 1 year. The policy is renewable year on year by the insured. The insured can get out of the scheme and join it back again at any time. The policy provides a maximum of Rs 2 lakh risk coverage. The annual premium is Rs 330 only and the premium rate is equal for people of all ages between 18 and 50 years. The claim process is very simple and subscriber friendly. The death benefit will be terminated in the following cases If it is known that the insured person is above 55 years If the policy holder has subscribed for insurance through different bank accounts If the individual does not have enough bank balance to keep the insurance in force Benefits Provided by Pradhan Mantri Jeevan Jyoti Bima Yojana In case the insured happens to die during the period of subscription, the plan will give a death coverage of Rs 2,00,000 to the registered beneficiary of the policy Since this is purely a term insurance plan, the scheme does not offer any maturity or surrender benefit The premiums paid for the coverage is tax deduction eligible under section 80C of the Income Tax Act. If the subscriber has not submitted form 15 G/15 H, the life insurance proceeds going beyond Rs 1,00,000 will be taxable by 2%. The period of risk coverage under this scheme is one year. This policy can be renewed annually. I the auto debit option is enabled in the <keyword id="114757" type="PERSON" weightage="20" keywordseo="Savings-Account">savings account</keyword> of the person, a longer duration of coverage can be opted for. Eligibility Criteria for Pradhan Mantri Jeevan Jyoti Bima Yojana Any person between the age of 18 and 50 years can join this scheme through participating banks. The individual must first open a bank account with a bank of their choice. If the individual has multiple bank accounts, they can subscribe to this scheme only through a single savings bank account. To be able to benefit from the plan, linking aadhaar number with the bank account is mandatory. Those subscribers to this insurance plan joining after the primary enrolment plan between 31 August 2015 and 30th November 2015 will have to submit a self-attested medical certificate to prove that they are not suffering any critical illnesses that are listed out in the policy declaration form. Summing up This is a very simple scheme to which an individual can subscribe to by just linking the aadhaar card with the participating bank account. The subscribers can enroll themselves for this program at any time by making a full annual premium payment and submitting a health certificate.

All you need you about central government’s life insurance scheme

<keyword id="2747429" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Suraksha-Bima-Yojana">Pradhan Mantri Suraksha Bima Yojana</keyword> (PMSBY) is a part of the three <keyword id="546206" type="PERSON" weightage="20" keywordseo="social-security-schemes">social security schemes</keyword> announced by the central government as part of the 2015 budget. This is an accident insurance scheme that provides an accident and disability cover for a period of one year and this can be renewed annually. Enrolment for the program This cover is for a period of one year between June 1 and May 31 of the subsequent year. The subscriber must give the option of joining the scheme by opting for auto renewal by May 31 of every year. Those who wish to keep the policy alive for more years must give their assent for auto debit before May 31 for the further years. Coverage offered by Pradhan Mantri Suraksha Bima Yojana (PMSBY) The PMSBY provides a risk cover of Rs 2 lakh in case of accidental death or permanent total disability. Rs one lakh is provided towards permanent partial disability. Permanent partial disability can be understood as the permanent loss of two eyes or both hands or feet or loss of an eyesight or the ability to use a hand or foot. The cover provided under PMSBY can be used in addition to any other insurance plan the subscriber has got. This is not a mediclaim kind of policy as it does not cover hospitalization expenses after suffering an accident which can result in a disability or injury. What it includes and excluded The PMSBY scheme covers accidents, death and disability due to natural calamities and other reasons. Death due to suicide is not covered by this scheme. Death due to murder is however covered. Partial disability without a permanent disability or loss of one hand or foot is not covered. Eligibility criteria All those persons who have a single or joint bank account and belonging to the age group of 18 and 70 years can join PMSBY <keyword id="6406875" type="UNKNOWN" weightage="20" keywordseo="life-insurance">life insurance</keyword> scheme. If the individual has multiple bank accounts with different banks, they can join the scheme through a single account only. A joint account entails all the account holders to join the scheme. Even NRIs can join the scheme. In the event of a claim by such persons, the benefit will only be settled in Indian currency. Premium amount payable The premium amount for this policy is only Rs 12 per person per year. This will be deducted from the individual’s bank account through auto-debit facility in a single installment on or before June 1 in a year. If the auto debit happens on any other date after June 1, the cover will start from the date of auto debit of the premium. If an individual has joined the scheme through multiple accounts, the benefit will only be disbursed through a single account with the other premiums being forfeited. Validity of the cover The accidental cover will automatically terminate in the following cases. The subject attaining the age of 70. Insufficient funds to keep the policy alive or closure of the bank account.

What you should know about the government’s accident and disability scheme

<ul><li>The Indian <keyword id="26362" type="ORGANIZATION" weightage="20" keywordseo="Government">government</keyword>’s flagship <keyword id="495738" type="PERSON" weightage="20" keywordseo="crop-insurance">crop insurance</keyword> scheme, PMFBY, faces a host of problems including delayed payment of claims and declining enrollment numbers. </li><li>In light of this, the Indian government has moved to penalise insurers and state governments for delaying payments and imposed enrollment targets on insurance companies. </li><li>The Indian government has also increased the risks that can be covered under the scheme. The new rules are set to come into effect next month. </li></ul>The Indian government’s flagship crop insurance scheme, the <keyword id="3205320" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Fasal-Bima-Yojana">Pradhan Mantri Fasal Bima Yojana</keyword> (PMFBY), was launched to great fanfare in 2016. Under the scheme, <keyword id="45092" type="COMPANY" weightage="20" keywordseo="farmers">farmers</keyword> were required to pay only 2% of the premium expenses, with the rest being borne in equal measure by the central and state governments. However, it has not exactly been the success story it was envisioned to be. The problems are manifold. State governments haven’t transmitted data to insurers on time, Claims payments have been delayed, sometimes for <a href="https://indianexpress.com/article/business/economy/pradhan-mantri-fasal-bima-yojana-farmers-wait-up-to-18-months-for-claims-5347671/">as long as 18 months</a>, and enrollment numbers are declining. Around 48.4 million farmers signed up for the scheme in 2017-18, a 16% drop from the previous year. In light of this, the government has announced a number of changes to the scheme with the view of resolving the aforementioned problems. The first action is punitive in nature. The government has said it will penalise insurance companies and state governments for the delayed payment of claims. While insurers will face a 12% interest penalty if they don’t settle with farmers within two months of the prescribed deadline, state governments will also be hit with a 12% charge if they don’t transfer subsidies to insurers within three months. Secondly, the government has also imposed enrollment targets on insurers. They will be required to increase enrollments of non-loanee farmers by 10% on an annual basis. Unlike loanee farmers, non-loanee farmers do not receive subsidised crop loans as a result of a pre-existing scheme. Thirdly, to increase awareness of the programme, insurance companies have to spend 0.5% of the revenue earned in gross premiums on advertising and publicity for the scheme. The government has effectively outsourced its responsibility of promoting its own programme. Finally, the Indian government has also increased the risks that can be covered under the scheme. Farmers will now get coverage for hailstorms, crop fires, damage from animals, landslides and rainstorms. More importantly, farmers will now get 72 hours instead of 48 hours to inform state governments about crop damage. The new rules are set to come into effect from the beginning of the rabi crop season next month. Earlier this year, in February, the Ministry of <keyword id="6355165" type="UNKNOWN" weightage="20" keywordseo="agriculture">Agriculture</keyword> also launched <a href="http://ficci.in/pressrelease-page.asp?nid=3025">an online portal </a>for the scheme. The new portal was developed to facilitate a quicker settlement process by streamlining communication between state governments and companies as well as resolving discrepancies and lapses.

India's government has modified its crop insurance scheme to attract more farmers

Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> will review next week the implementation status of some key decisions taken by the Union Cabinet, including those taken way back in July 2014. 

	Scheduled for February 17, this will be the second such review meeting that Modi will undertake with the Council of Ministers in just about three weeks.
 

	The 27 decisions of the Cabinet and the Cabinet Committee on Economic Affairs whose implementation status would be reviewed include the amendments to the Factories Act and the Apprentices Act, which were cleared over one and a half years ago in July 2014, sources told PTI.
 

	PM Modi had chaired a similar meeting of the Council of Ministers on January 27 as well.
 Other decisions slated for implementation status review are setting up of a <keyword id="974618" type="ORGANIZATION" weightage="20" keywordseo="Credit-Guarantee-Fund">Credit Guarantee Fund</keyword> for providing guarantees to loans extended under the Pradhan Mantri Mudra Yojana, operationalisation of Budget announcement of 2015-16 on the Atal Pension Yojana, the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Pradhan Mantri Suraksha Bima Yojana. The prime minister will also check progress in the <keyword id="2473706" type="UNKNOWN" weightage="20" keywordseo="Pradhan-Mantri-Jan-Dhan-Yojana">Pradhan Mantri Jan Dhan Yojana</keyword>, the <keyword id="6562839" type="UNKNOWN" weightage="20" keywordseo="Swacch-Bharat-Mission">Swacch Bharat Mission</keyword> for urban areas, the Housing for All by 2022 mission, the <keyword id="946830" type="ORGANIZATION" weightage="20" keywordseo="National-Skill-Development-Mission">National Skill Development Mission</keyword>, the National Health Mission and the Deendayal Upadhyaya Gram Jyoti Yojana. 

	Other such decisions relate to the National Ayush Mission, amendment to the Juvenile Justice (Care and Protection of Children) Bill, 2014, setting up three new All India Institute of Medical Sciences (AIIMS) at Mangalagiri, Nagpur and Kalyani and strengthening of the drug regulatory system.
 

	The decisions relating to setting up of six new IITs and IIMs, amendment to the Payment of Bonus Act, 1965, and the nationwide celebration of 125th birth anniversary of BR Ambedkar will also figure in the status review.

PM Narendra Modi to review implementation status of Cabinet decisions for the second time in 3 weeks

<ul><li>The life insurance major, <keyword id="6367143" type="General" weightage="20" keywordseo="lic" source="Orion">LIC</keyword>, has a lot to offer to everyone, especially to its 29 crore policyholders in the IPO.</li><li><keyword id="7922409" type="General" weightage="20" keywordseo="lic-ipo" source="Orion">LIC IPO</keyword> is special to investors because it has a separate reservation quota for people holding LIC policies along with some discount on IPO floor price.</li><li>Here are answers to all your questions on how you can avail those benefits while applying for the IPO.</li></ul>Investors are eagerly waiting to get their hands on a piece of India’s largest life insurance company, which is about to launch the country's biggest initial public offering (IPO). More than that, the IPO is special for the 29 crore policyholders of the life insurer, who would be getting a preference on the shares. Here are answers to all your queries on how you can avail those benefits while applying for the IPO. <ol><li>When will the LIC IPO be launched? The IPO is expected to be completed within the end of March. </li><li>How to apply for LIC IPO? You need a demat account of your own from where you can subscribe to the LIC IPO. Click here for a step-by-step guide on how to open a demat account. </li><li>Who all are eligible to apply under the policyholder reservation quota? All policies that have not exited LIC’s records by way of maturity, surrender or by way of death of the policyholder are eligible for policyholder reservation.</li><li>What are the benefits of applying under the policyholder quota? LIC has reserved 10% of the issue size for its army of policyholders and also plans to give some discount to such investors on the issue price of the IPO.</li><li>Can senior citizens also apply for LIC IPO? Yes. Any person above 18 years of age can apply for this. The applicant should have a demat account and the PAN number should be linked with the policy. </li><li>Is there a maximum limit amount for policyholders to apply for the IPO? Investors holding LIC policy cannot exceed their investment more than ₹2 lakh as most of such investors also come under the retail category.</li><li>I hold a joint life insurance policy with my spouse, so can we both apply for policyholder reservation? No. If you own a joint policy of LIC, then only one of the policy members can apply under the ‘Policyholder Reservation Portion’ category.The PAN number of the applicant bidding in the offer (you or your spouse) needs to be updated while linking the PAN.The PAN number of the applicant bidding in the offer (you or your spouse) needs to be updated while linking the PAN.</li><li>Will there be any tax exemption if there is share allotment on investment in LIC IPO? No. Although there is a tax exemption for holding a LIC policy, there is none for investment in equities. </li><li>Will there be any lock-in period for selling the shares for policyholders ? Policyholders who were allotted equity shares under the reservation category can sell the shares anytime as per their choice.</li><li>If I bought an LIC policy last week, can I apply under the special policyholder quota? No. To apply under the special quota the policy should have been issued on or before the date when LIC’s draft red herring prospectus (DRHP) was filed, that is February 13.</li><li>Will those with the policy of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) also be eligible to invest under the policyholder reservation category? No, one cannot. </li></ol>

LIC IPO – All your doubts cleared

<keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> has embraced technology in every field of activity. It is adopting smart farming methods through technology and innovation in the agriculture sector and this may prove to be a game changer in the days to come by substantially raising farmers income. How is this method beneficial? Smart farming involves the application of sensors and automated irrigation practices. It can help monitor agricultural land, temperature and soil moisture. This would enable farmers to monitor crops from anywhere. Moreover, smart farming can help integrate digital and physical infrastructures, which would benefit small farmers. Agri-based startups can reach out to the farmers and help them gain access to such viable and cost-effective solutions. Agri-based, tech-driven startups have been very innovative in assisting farmers and revolutionising farming techniques. They have also addressed one of the most powerful headwinds (climate change) through climate-smart farming. In a unique move, the Indian government is implementing a <keyword id="12166469" type="General" weightage="20" keywordseo="Digital-Agriculture-Mission" source="Orion">Digital Agriculture Mission</keyword> (DAM), which includes India Digital Ecosystem of Agriculture (IDEA), Farmers' Database, Unified Farmers Service Interface (UFSI), funding to the states on the new technology (NeGPA), revamping <keyword id="3182679" type="General" weightage="20" keywordseo="Mahalanobis-National-Crop-Forecast-Centre" source="Orion">Mahalanobis National Crop Forecast Centre</keyword> (MNCFC), Soil Health, Fertility and profile mapping. According to a report published by the National Association of Software and Services Companies (NASSCOM) in 2019, there were more than 450 argi-based tech-driven startups in India as of 2019. This number has skyrocketed in the last two years as the sector witnessed a surge in investments and funding. Agri-based tech-driven startups have been very innovative in assisting farmers and revolutionising farming techniques. They have also addressed one of the most powerful headwinds (climate change) through climate-smart farming. Under the NeGPA programme funding is given to the governments in various Indian states for Digital Agriculture projects using emerging technologies like Artificial Intelligence and Machine Learning (AI/ML), Internet of Things (IOT), Block chain etc. Adoption of drone technologies is being done too. To promote smart farming, the government promotes startups in the agriculture sector and nurtures agri-entrepreneurs. The 'Per Drop More Crop' component of the Pradhan Mantri Krishi Sichai Yojana (PMKSY-PDMC) aims to increase water use efficiency at the farm level through micro irrigation technologies like drip and sprinkler irrigation systems. PMKSY is a scheme initiated by Prime Minister Narendra Modi. The <keyword id="87560" type="General" weightage="20" keywordseo="Indian-Council-of-Agricultural-Research" source="Orion">Indian Council of Agricultural Research</keyword> (ICAR) promotes innovation, extension and education in agriculture. A total of 1,575 field crop varieties were released for different agricultural crops during 2014-21. During 2014-21, 91.43 crore agri-advisories were provided to farmers through mobiles. ICAR developed 187 mobile apps on different farm and farmer related services during 2014-21. The agriculture sector plays a vital role in enriching India's economy. Agriculture accounted for almost 17.8 per cent of India's Gross Value Added (GVA) in 2019- 20. According to the World Bank's collection of development indicators, employment rate in the Indian agriculture sector stood at 41.5 per cent in 2020. From a socio-economic standpoint, agriculture is a vital sector which requires focus and awareness at all levels. According to India Brand Equity Foundation, the rising population and changing diets have created a huge pressure on land in India. Farmers are struggling to keep up as crop yields level off, soil degradation rises, water shortage increases, biodiversity declines, and natural calamities become more frequent. Furthermore, agriculture accounts for almost 14 per cent of India's total greenhouse gas emissions. In the meantime, the NITI Aayog (erstwhile Planning Commission of India) conducted a study entitled "Efficacy of Minimum Support Prices on farmers", in 2016, which found, among other things, that MSP declared by the government has encouraged 78 per cent of the farmers covered under the study for adopting improved methods of farming such as high yielding varieties of seeds, organic manure, chemical fertilizer, pesticides and improved methods of harvesting etc. Additionally, oilseeds, pulses and copra of Fair Average Quality (FAQ) are procured from registered farmers under Price Support Scheme of the umbrella scheme of Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA), as per its prescribed guidelines. The Indian national Budget for 2018-19 had announced the pre-determined principle to keep Minimum Support Price or MSP at levels of one-and-half times of the cost of production. Accordingly, government has increased the MSPs for all mandated Kharif (including wheat), Rabi and other commercial crops with a return of at least 50 per cent over all India weighted average cost of production from the agricultural year 2018-19. Moreover, India's National Crop Insurance Portal (NCIP) is the only source of enrolment for Pradhan Mantri Fasal Bima Yojana (PMFBY), on which farmer applications from various designated sources including banks/financial institutions are entered. Specific cut-off dates have been prescribed for enrolment of farmers, debit of premium, remittance of farmers' premium to concerned insurance company and uploading of data of farmers on NCIP. The <keyword id="603825" type="General" weightage="20" keywordseo="Ministry-of-Food-Processing-Industries" source="Orion">Ministry of Food Processing Industries</keyword> (MoFPI) has been incentivising setting of food processing industries through central sector umbrella scheme �Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and centrally sponsored scheme �PM Formalization of Micro Food Processing Enterprises (PMFME) scheme across all the country. Under scheme of creation of infrastructure for agro processing clusters, a component scheme of PMKSY, the scheme is aimed at development of modern infrastructure and common facilities to encourage entrepreneurs to set up food processing units based on cluster approach and also to create modern infrastructure for food processing closer to production areas and to provide integrated and complete preservation infrastructure facilitates from the farm gate to the consumer. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/india-must-pitch-for-rupee-as-dollar-distancing-might-be-finally-happening-sbi-ecowrap/articleshow/93513940.cms">India must pitch for Rupee as dollar distancing might be finally happening: SBI Ecowrap</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/snapchat-comes-to-india-with-exclusive-features-heres-how-much-it-costs-and-how-to-sign-up/articleshow/93513880.cms">Snapchat+ comes to India with exclusive features — here's how much it costs and how to sign up</a>

Smart farming can prove to be a game changer in the coming days

New Delhi, Jan 22 () The Finance Ministry will showcase achievements of the financial inclusion drive through a tableau during the Republic Day parade on January 26.
 The Defence Ministry has selected the design of Department of Financial Services (DFS) of Ministry of Finance for taking part in the parade.
 Besides DFS, Department for Promotion of Industry and Internal Trade, Department of Drinking Water and Sanitation, NDRF Ministry of Home Affairs, CPWD Ministry of Housing and Urban Affairs, and Ministry of Shipping will also participate in the Republic Day parade, according to a Defence Ministry release.
 Financial inclusion programme initiated in mission mode since August 2014 to ensure access to financial services - banking/ savings &amp; deposit accounts, remittance, credit, insurance, pension.
Under Pradhan Mantri Jan Dhan Yojana as many as 37.87 crore accounts have been opened with total deposit of Rs 1.12 lakh crore.
 India's financial inclusion efforts have won recognition from the World Bank as their data indicated that 55 per cent of new bank accounts were opened are from India.
As per the World Bank Global Findex Report 2017, adult bank account holders in India increased to 80 per cent in 2017 as compared to 53 per cent in 2014 and 35 per cent in 2011.
The report acknowledged impact of government policy in reducing gaps in bank account ownership between rich and poor to 5 per cent in 2017, down from 15 per cent in 2014.
 Besides, the government also initiated insuring the uninsured. Under this, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana was launched in 2015.
 The PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account, who give their consent to join or enable auto-debit of premium of Rs 330 per annum.
The PMSBY offers insurance cover of Rs 2 lakh for accidental death or total permanent disability and Rs 1 lakh for partial permanent disability to people in the age group of 18-70 years with a bank or post office account, who give their consent to join or enable auto-debit of premium of Rs 12 per annum. DP DP MR
MR

Finmin to showcase achievements of financial inclusion at Republic Day parade

New Delhi, Dec 9 () As many as 5.91 crore people have been enrolled under the
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and 15.47 crore people enlisted under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) since the launch of the two social security schemes in 2015, Union Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday.
The minister said that for creating a universal social security system for all Indians,
especially the poor and the under-privileged, Prime Minister Narendra Modi launched the two schemes in the insurance sector on pan-India basis on May 9, 2015 in Kolkata.
"As per information furnished by banks, 5.91 crore people have been enrolled under PMJJBY and 15.47 crore people enrolled under the PMSBY as on March 31, 2019," she said during the Question Hour.
The PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account, who give their consent to join or enable auto-debit of premium of Rs 330 per
annum.
The PMSBY offers insurance cover of Rs 2 lakh for accidental death or total permanent disability and Rs 1 lakh for partial permanent disability to people in the age group of 18-70 years with a bank or post office account, who give their consent to join or enable auto-debit of premium of Rs 12 per annum. ACB DPB

5.91 cr people enrolled under PMJJBY, 15.47 cr under PMSBY

<ul><li>38 million Indians fell below the <keyword id="141042" type="ORGANIZATION" weightage="20" keywordseo="poverty-line">poverty line</keyword> simply due to the cost of medicines. </li><li>The study was based on data analysed over the past two decades, between 1993-2012. </li></ul>Cost of <keyword id="6354525" type="UNKNOWN" weightage="20" keywordseo="healthcare">healthcare</keyword> is driving people in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> towards poverty. According to a <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5988077/">study</a> conducted by the <a href="https://phfi.org/research-reports/?type=4">Public Health Foundation of India</a>, over 54 million Indian residents fell below the poverty line in a single year because they were funding their own healthcare, including hospital and treatment costs. On the other hand, about 38 million of these fell below the poverty line simply because they were spending on medicines. The study analysed data from nationwide consumer expenditure surveys which were conducted over the past two decades, from 1993-94 up to 2011-12, and the ‘Social Consumption: Health’ survey done by the National Sample Survey Organisation in 2014. The study also takes into consideration the measures that were taken by the Indian government to reduce the burden of medical expenses for Indian households. The study also noted that there was very little incentive for patients to seek public healthcare, which is likely due to inefficiency and poor standards of government-run public health facilities. Outpatients apparently sought healthcare in the more expensive private institutions often. What has the government done so far Health insurances basically cover almost all medical needs of a person, including hospitalisation charges during illness or an accident. The government has launched several health insurance schemes, like the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, over the past years but despite that, the countries population continues to incur significant medical expenditures. The government has also set up over 3000 Jan Aushadhi stores, government owned medicine stores that provide cheap but good quality medicine for citizens. Though the goal of the policy was met, these stores frequently face stock outages and quality issues, according to a <a href="https://timesofindia.indiatimes.com/india/health-spending-pushed-55-million-indians-into-poverty-in-a-year-study/articleshow/64564548.cms">report</a>.

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5.91 cr people enrolled under PMJJBY, 15.47 cr under PMSBY

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Healthcare costs drove 55 million Indians below poverty line in the last two decades

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