Question : Which initiative was launched to improve financial inclusion in rural areas?
Option 1: Make in India
Option 2: Swachh Bharat Abhiyan
Option 3: Pradhan Mantri Jan Dhan Yojana (PMJDY)
Option 4: Pradhan Mantri Ujjwala Yojana (PMUY)
Correct Answer: Pradhan Mantri Jan Dhan Yojana (PMJDY)
Solution : The correct answer is ( c) Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana (PMJDY) is a flagship financial inclusion program launched by the Government of India. It aims to provide universal access to banking services, promote financial literacy, and ensure access to various financial products and services for all individuals, especially those in rural and remote areas.
Under the PMJDY, individuals are encouraged to open a basic savings bank account with minimal documentation requirements. The program also provides access to other financial services such as insurance, pension schemes, and credit facilities. It focuses on bringing the unbanked population into the formal financial system and empowering them with financial tools and services.
The Pradhan Mantri Jan Dhan Yojana has played a significant role in increasing the number of bank accounts in rural areas, promoting direct benefit transfers, and fostering financial inclusion. It has helped in providing access to banking services, promoting saving habits, and facilitating financial transactions for the rural population.
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