In a communication sent to all states including Congress- ruled Kerala, Union Rural Development Ministry has also asked them to disburse MNREGA wage payment through the banking network operated by banking correspondents wherever functional banking correspondents are deployed by the banks.
The ministry note says the decision in this regard was taken at a meeting chaired by Principal Secretary to Prime Minister, Nripendra Misra, on May 15, within a week after Prime Minister Narendra Modi launched the schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).
Over 3.60 households in the country were provided employment under the MNREGA, the largest employment guarantee scheme, in the last fiscal.
PMSBY will offer a renewable one year accidental death- cum-disability cover of Rs 2 lakh for partial or permanent disability to all savings bank account holders in the age group of 18-70 years for a premium of Rs 12 per annum per subscriber.
PMJJBY will offer a renewable one year life cover of Rs 2 lakh to all savings bank account holders in the age group of 18-50 years, covering death due to any reason, for a premium of Rs 330 per annum per subscriber.