Syndicate Bank plans social security schemes drive to enrol public

To populaise three social security schemes announced by Prime Minister Narendra Modi, Syndicate Bank, which is the lead bank in district, in association with, A Chandrahasa Shetty of Jaya Manasa Trust, Assaigoli, plans is organising camps for enrolling applications under Pradhan Mantri Surakasha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY), on May 31 between 10 am and 2 pm. The camps will be held at Manasa Complex Assaigoli and Kaveri Complex, Mudipu, Syndicate Bank DGM Narendranath Kamath said.

Briefing reporters here, on Wednesday, he said the beneficiaries residing in and around Assaigoli and Mudipu will be enrolled in the camps under both schemes subject to age criteria. The beneficiaries have to visit the camps along with their bank account pass book and Aadhaar card (if they have obtained). If the beneficiary does not have a bank account, there are arrangements have been made to open bank accounts and then enroll. In such cases the beneficiaries has to produce a photograph and a valid address proof.

He said zero balance account holder can also avail the scheme provided they credit the premium amount.

For Pradhan Mantri Suraksha Bima Yojana, the premium amount is Rs 12 per year and the coverage is Rs 2 lakh for accidental death and Rs 1 lakh for partial disability due to accident. Accident need not be only road accident. It includes disability or death due to any kind of accident like roof collapse, fall from a tree, drowning in water, bursting of cylinder, snake bite or any freak accident. The life insuarance cover under Pradhan Mantri  Jeevan Jyothi Bima Yojana is Rs 2 lakh. The premium to be remitted is Rs 330. The Atal Pension Yojana is for the beneficiaries between the age group of 18 to 40 years under the unorganised sector.

Lead District Bank Manager Prabhu Alagavadi said the target for Dakshina Kannada district is one lakh applications in Pradhan Mantri Surakasha Bima Yojana  and 50,000 applications in  Pradhan Mantri Jeevan Jyothi Bima Yojana. The Syndicate Bank has received over 39,000 applications so far. On the inaugural day (May 9), a total of 82,000 applications for PMSBY and 32,000 applications for PMJJY have been received by various banks. The work on data entry of the applications are in progress in the district, he added.