<h1>India's Cabinet Approves Three Social Security Schemes to Boost Pension and Insurance Coverage for Unorganized Sector.</h1> The Union Cabinet, led by the Prime Minister, approved the operationalization of three social security schemes: Atal Pension Yojna (APY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Pradhan Mantri Suraksha Bima Yojana (PMSBY). APY offers a fixed pension at age 60, with government co-contribution for eligible subscribers. PMJJBY provides life insurance of Rs. 2 lakh for an annual premium of Rs. 330, while PMSBY offers accident coverage of up to Rs. 2 lakh. The government allocated funds for publicity and aims to enroll two crore subscribers under APY, addressing the lack of insurance among India's population, especially in the unorganized sector.