J&K Bank leads with 12.82 lakh enrolments
Srinagar, Jun 19: The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has covered over 29 lakh people across Jammu and Kashmir, reflecting the growing outreach of the flagship social security scheme across the Union Territory.
According to official data on the cumulative progress of PMSBY as of December 31, 2025, a total of 29,08,607 enrolments have been recorded in J&K. Of these, 21,56,103 beneficiaries belong to rural areas while 7,52,374 are from urban areas, indicating the scheme’s extensive penetration in the countryside.
The data reveals that against an annual target of 5,82,037 enrolments for 2025-26, banks in the Union Territory achieved 5,54,812 enrolments during the period under review.
J&K Bank emerged as the leading contributor to the scheme, accounting for 12,82,148 cumulative enrolments, including 10,82,352 rural and 1,99,796 urban subscribers. The bank also surpassed its annual target by achieving 3,37,717 enrolments against a target of 1,86,000.
Jammu and Kashmir Grameen Bank (JKGB) ranked second with 5,48,734 cumulative enrolments, while the State Bank of India recorded 4,47,811 enrolments. Punjab National Bank followed with 2,17,012 subscribers.
The insurance scheme, which provides accidental death and disability cover, has also facilitated claim settlements for affected families. The report shows that 1,469 claims were received under PMSBY across J&K. Of these, 1,209 claims were settled, 131 were rejected, and 130 remain under process.
A total claim amount of Rs 23.75 crore has been disbursed to beneficiaries and their families under the scheme.
Among banks, J&K Bank recorded the highest number of claims with 815 cases received, followed by JKGB with 221 claims and the State Bank of India with 170 claims. J&K Bank also accounted for the highest claim payout of Rs 12.92 crore.
Officials said the figures underline the growing awareness and acceptance of government-backed social security schemes among citizens, particularly in rural areas, helping provide financial protection against accidental death and disability.
