The Bina Mulya Samajik Suraksha Yojana (BMSSY) is a social welfare initiative launched by the Government of India aimed at providing social security to economically disadvantaged sections of society. The scheme primarily targets those individuals and families who do not have access to affordable social security services or insurance, offering them financial protection in times of crisis.

The program focuses on creating a safety net for the underprivileged, ensuring they have access to basic healthcare, life insurance, and other essential services. It is designed to uplift vulnerable groups such as low-income workers, marginalized communities, and the elderly, who often struggle to access or afford traditional social security schemes.

Key Features of Bina Mulya Samajik Suraksha Yojana:

1. Coverage for Vulnerable Groups: The scheme caters to individuals from economically weaker sections who are typically excluded from mainstream social security programs.

2. Health and Life Insurance: Beneficiaries under the BMSSY are provided with health coverage and life insurance benefits, which can be a significant support in the event of illness, accidents, or untimely deaths.

3. Affordable Premiums: One of the significant features of this scheme is the absence of high premiums. The government ensures that the premium cost is low or even waived for the most economically vulnerable groups.

4. Targeted Beneficiaries: The scheme primarily benefits those who do not have access to conventional financial services or social security measures, such as agricultural laborers, small farmers, and the informal workforce.

5. Government Support: The initiative is largely funded by the government, which helps reduce the financial burden on the poor. It works in conjunction with other government welfare schemes to provide comprehensive coverage.