Question : Assertion (A): A programme called Pradhan Mantri Jan Dhan Yojana is accessible as of 2014 and encourages people in India to open bank accounts.
Reason: This programme aims to immediately transfer all government programmes' and subsidies' benefits to account holders in addition to encouraging saving habits.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is True but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is True
Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Solution :
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a National Mission for Financial Inclusion that aims to provide affordable access to financial services such as basic savings and deposit accounts, remittance, credit, insurance, and pension.
Aside from encouraging savings habits, this scheme intends to directly transfer all government schemes and subsidies to account holders.
Hence option a is the correct answer.
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