SRINAGAR: Jammu and Kashmir has achieved 116.16 percent of its Pradhan Mantri Suraksha Bima Yojana (PMSBY) enrolment target for 2024–25, with 23.56 lakh cumulative beneficiaries enrolled as of March 31, 2025.
A total of 1,123 claims were received under PMSBY since inception, with 930 settled, disbursing Rs 18.39 crore in claims. JK Bank reported a 204 percent achievement rate in claims settled against premiums collected.
Under the Pradhan Mantri Jan Dhan Yojana (PMJDY), the region has recorded 21.45 lakh cumulative accounts as of March 31, 2025, achieving 46.75 percent of its annual target for 2024–25. District-wise data shows Kathua leading with 92.74 percent achievement in new account openings, followed by Bandipora at 71.08 percent. In terms of enrolment relative to the 2011 Census population, Samba district leads with 31 percent PMJDY account penetration, while Reasi and Baramulla follow at 24 percent each.
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), offering Rs 2 lakh life insurance coverage, has reached 94.89 percent of its 2024–25 annual target in JK, with 9.66 lakh total enrolments since inception. Jammu district has the highest cumulative enrolment under PMJJBY at 2,33,455 beneficiaries. Kishtwar and Kupwara districts have exceeded 170 percent and 140 percent of their annual targets, respectively. Of the 2,996 claims received since inception under the scheme, 2,296 have been settled, disbursing Rs 45.90 crore.
The Atal Pension Yojana (APY), which offers a guaranteed pension ranging from Rs 1,000 to Rs 5,000 for workers in the unorganised sector post-60 years of age, has shown 148 percent growth in enrolment over the past five years. As of March 31, 2025, the region recorded 2.48 lakh cumulative beneficiaries, achieving 40.52 percent of the 2024–25 target. In this scheme, Samba leads with 5.8 percent enrolment against the 2011 Census population, followed by Jammu at 5.4 percent. Kishtwar and Rajouri districts have reached 64.57 percent and 64.39 percent of their annual targets, respectively.
The figures were shared during a high-level review meeting chaired by Chief Secretary Atal Dulloo to assess the progress of financial inclusion and beneficiary-oriented schemes in J&K. He expressed concern over the low enrolment levels in some schemes and directed departments to adopt a mission mode approach to ensure saturation. He stressed timely and seamless delivery of benefits to eligible citizens to improve public trust in government schemes.
The Chief Secretary also underscored the need to integrate the Registrar of Births & Deaths database with the Medical Certification of Cause of Death (MCCD) system to facilitate prompt settlement of claims such as insurance and pensions.
He called for intensified public outreach to ensure every household is informed about the schemes available. He stated that awareness and accessibility are key to achieving universal financial inclusion across the Union Territory.
Principal Secretary, Finance, Santosh D Vaidya, presented the detailed status report on each scheme and highlighted the performance of districts against their respective targets.
