<h1>Union Budget 2015-16: Universal Social Security for Poor with Insurance, Pensions, and Welfare Funds for Vulnerable Groups.</h1> The Union Budget 2015-16, presented by the Finance Minister, outlined plans for a universal social security system targeting the poor and underprivileged. Key initiatives include the Pradhan Mantri Suraksha Bima Yojana for accidental death coverage, the Atal Pension Yojana for defined pensions, and the Pradhan Mantri Jeevan Jyoti Bima Yojana for life insurance. Additionally, a Senior Citizen Welfare Fund will subsidize premiums for vulnerable groups. The Nai Manzil scheme will support minority youth in obtaining educational qualifications. Allocations for welfare schemes include Rs. 30,851 crore for SCs, Rs. 19,980 crore for STs, and Rs. 79,258 crore for women.