‘Pradhan Mantri Jan-Dhan Yojana’ has been launched for:
✓ Correct answer: c) promoting financial inclusion in the country.
ExplanationPMJDY (Pradhan Mantri Jan Dhan Yojana) is a na- tional initiative for financial inclusion, aiming to ensure that every household in the country has access to comprehensive financial services.The objective of “Pradhan Mantri Jan-Dhan Yojana (PMJDY)” is ensuring access to various financial services like availabil- ity of basic savings bank account, access to need based credit, remittances facility, insurance and pension to the excluded sec- tions i.e. weaker sections & low income groups.This deep pen- etration at affordable cost is possible only with effective use of technology.The plan includes providing universal banking access, with at least one basic bank account per household, as well as pro- moting financial literacy, credit access, insurance, and pen- sion services.Beneficiaries will receive a RuPay Debit card, which includes accident insurance coverage of ₹1 lakh.The program also plans to direct all government benefits (from central, state, and local bodies) into beneficiaries’ accounts and promote the Direct Benefits Transfer (DBT) scheme.180
Practice more Economy PYQs
Attempt a free 10-question quiz or browse the full Economy previous-year-question bank with instant answers and explanations.
📈 Economy PYQs →