Govt asks private banks to fast-track Jansuraksha onboarding
New Delhi, May 27 -- The finance ministry has asked major private sector banks to expedite onboarding to the Jansuraksha portal, the national platform for the government's social security insurance and pension schemes, according to multiple people aware of the matter.
The move aims to expand digital access to Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) through assisted banking, internet banking and self-service channels.
Greater integration of large private lenders with the portal is expected to widen access, particularly among low-income and underserved households amid the government's push for insurance for all for Viksit Bharat 2047.
"Private banks show ...
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