A Study on Financial Inclusion and Insurance Awareness under Pradhan Mantri Jan Suraksha Schemes in Pollachi Taluk

Abstract

The Pradhan Mantri Jan Suraksha Schemes were introduced by the Government of India to promote financial security and social protection among economically vulnerable sections of society. These schemes include Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY), which aim to provide affordable insurance and pension benefits. The present study focuses on analyzing the socio-economic profile of beneficiaries in Pollachi Taluk and examining their level of awareness, participation, and access to these schemes. Using primary data collected from 411 respondents through structured questionnaires, the study employs descriptive statistical analysis to examine demographic characteristics and awareness distribution. The findings reveal that beneficiaries mainly belong to rural areas, nuclear families, and lower income groups, with medium awareness levels about the schemes. The study highlights the importance of awareness programs and institutional support in improving participation and enhancing financial inclusion.