Overview
- Finance Minister Nirmala Sitharaman chaired a high-level review of over a dozen financial inclusion schemes on May 13, 2025.
- She emphasized the need to improve customer experience across banking and financial services to sustain the momentum of inclusion efforts.
- The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has seen enrolments surge by 699% since its 2015 launch, covering 23.36 crore individuals as of March 2025.
- The Pradhan Mantri Suraksha Bima Yojana (PMSBY) recorded a 443% enrolment increase since 2016, offering accident insurance at just ₹20 per year.
- PMJJBY has processed over 9.37 lakh claims, disbursing ₹18,102.78 crore, showcasing its impact on providing financial security to the masses.