Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Suraksha Bima Yojana (PMSBY, translation: Prime Minister’s Safety Insurance Scheme) is a government-backed accident insurance scheme in India. It was originally mentioned in the 2015 Budget speech by Finance Minister Late Arun Jaitley in February 2015. It was formally launched by Prime Minister Narendra Modi on 8 May in Kolkata.

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25 Important Schemes Launched by Modi Government

In 2014, when the Bharatiya Janata Party in the country gave the responsibility of taking charge of the post of Prime Minister to Narendra Damodar Das Modi. After this, seeing the popularity of the Prime Minister, this government became known as Modi government. This government launched different schemes in the interest of the citizens of…