The Pradhan Mantri Jan Dhan Yojana launched in 2014 was designed to:
Options
APromote financial inclusion in the country
BTo provide financial assistance to marginalized groups
CTo provide housing loans and low rates to interest to the poorer people
DTo sustain women self-help groups in rural areas
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Correct Answer
APromote financial inclusion in the country
Model Answer
The Pradhan Mantri Jan Dhan Yojana launched in 2014 was designed to promote financial inclusion in this country.
Pradhan Mantri Jan-Dhan Yojana (PMJDY) was launched by Narendra Modi on 28th August 2014.
It is a national mission with an aim to provide access to various financial services including Remittance, Credit, Insurance, Pension, Banking Savings & Deposit Accounts in an affordable manner.
Prime Minister Narendra Modi first announced this scheme during his Independence Day speech on 15th August 2014.
Pradhan Mantri Jan Dhan Yojana is a financial inclusion campaign that provides universal access to banking facilities.
It also ensures to provide financial literacy with at least one basic banking account for every household in India.
Hence, option A is correct.
Infographic titled Benefits of the scheme: zero balance account, loan facility up to Rs 5000, accidental insurance cover up to Rs 1,00,000, and a RuPay debit card facility.
