Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Pradhan Mantri Samajik Sahayata Yojana (PMSSY) is a centrally sponsored scheme aimed at providing financial assistance to Below Poverty Line (BPL) families in case of death or permanent disability due to accidents. Launched under the Ministry of Social Justice and Empowerment, the scheme offers a one-time ex-gratia payment of ₹2 lakh in case of death and ₹1 lakh in case of permanent disability, ensuring immediate relief to affected families. The assistance is disbursed through Direct Benefit Transfer (DBT) to the beneficiary’s bank account, highlighting the government’s push for financial inclusion and digital governance. For aspirants preparing for Bank PO, IBPS, SBI, and SSC exams, understanding PMSSY is crucial as it reflects the government’s welfare policies and their implementation through banking channels, which is often tested in exams like RBI Grade B and SSC CGL.
The scheme’s relevance extends to governance and policy-making, as it demonstrates the intersection of social welfare and financial infrastructure, a key area in competitive exams. Questions on PMSSY may appear in the Polity & Governance sections of RBI Grade B and SSC exams, testing candidates’ awareness of welfare schemes and their operational mechanisms. Additionally, the scheme’s focus on DBT and financial inclusion aligns with broader themes in banking exams, such as government schemes, subsidies, and digital payments, making it a relevant topic for aspirants aiming to crack these examinations.
Source: PIB (Press Information Bureau)
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