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Wow, Massive Scam!

34 Cr people enrolled in PMSBY and 16 Cr in PMJJBY. Assuming 80% are fake enrolments (some people in the article claim it to be 90%), it's almost 6000 Cr debited from people's accounts without their knowledge. There are three things wrong here: - Public Sector Banks broke people's trust - Good insurance schemes will die because of such sham practices - People won't make claims because they don't know that they are insured. So, if someone dies or gets critically injured, no compensation is provided.

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