- Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
- Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Socially Oriented Insurance Schemes
The socially oriented insurance schemes are currently being operated or partially sponsored by the Central Government targeted at vulnerable sections of the society.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY):
- Launched on 9th May, 2015.
- These schemes are offered/administered through both public and private sector insurance companies, in tie up with scheduled commercial banks, regional rural banks and cooperative banks.
- It offers a renewable one-year term life cover of Rupees Two Lakh to all account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs. 330/- per annum per subscriber, to be auto debited from subscriber’s bank account.
- It offers a renewable one-year accidental death cum disability cover to all subscribing bank account holders in the age group of 18 to 70 years for a premium of Rs. 12/- per annum per subscriber to be auto debited from subscriber’s bank account.
- It provides a cover of Rs. Two Lakh for accidental death or total permanent disability and Rs One Lakh in case of permanent partial disability.
The above schemes are on self-subscription basis and involves no Government contribution.
Pradhan Mantri Fasal Bima Yojana (PMFBY):
- Ministry of Agriculture implements PMFBY and Restructured Weather Based Crop Insurance Scheme (RWBCIS).
- It provides comprehensive crop insurance cover against non-preventable natural risks at an affordable rate to farmers.
- It is compulsoryfor loanee farmers availing crop loans for notified crops in notified areas and voluntary for non-loanee farmers.
- Uniform maximum premium of only 2%, 1.5% and 5% of the sum insured to be paid by farmers for all Kharif crops, Rabi crops and commercial/horticultural crops.
- The difference between premium and the rate of insurance charges payable by farmers is provided as subsidy and shared equally by the Centre and State.
Pradhan Mantri Jan Arogya Yojana (PMJAY) – Ayushman Bharat:
- A centrally sponsored scheme.
- An entitlement-based scheme. It covers poor and vulnerable families based on deprivation and occupational criteria as per SECC data.
- It provides health coverage up to Rs. 5 lakh per family, per year for secondary and tertiary hospitalization to over 10.74 crore poor and vulnerable families.
- It provides cashless and paperless services for the beneficiary at the point of service in any (public and private) empaneled hospitals across India.
- The ratio of premium under PMJAY is 60:40 between Centre and State except North Eastern States and 3 Himalayan States where the ratio is 90:10 with an upper limit for Centre.
In the case of Union Territories, the Central contribution of premium is 100% for UTs without legislature, while it is 60:40 for those with legislature.