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Debasish Panda, Chairperson, IRDAI, said Pradhan Mantri Jeevan Jyoti Beema Yojana and Pradhan Mantri Surakha Yojana are doing a similar job in the insurance sector as JAM.
We need to think hard about how we can replicate the success of DBT, which leveraged technology to efficiently deliver goods and services to the poor in other areas, such as the judiciary, where justice can be efficiently delivered to the poor.
Says India’s emphasis on becoming a leader in 6G tech
The PMJDY has played a pivotal role in the digital drive to formalise the economy and there is room to fine-tune the scheme further
'JAM' system permits direct benefit payments into impoverished bank accounts, but teething flaws have limited the program's viability.