Q. ‘Pradhan Mantri Jan-Dhan Yojna’ has been launched for
a) providing housing loan to poor people at cheaper interest rates
b) promoting women’s Self-Help Groups in backward areas
c) promoting financial inclusion in the country
d) providing financial help to the marginalized communities
The correct answer is Option 3.
Pradhan Mantri Jan Dhan Yojana (PMJDY)
- It is a National Mission on financial Inclusion which has an integrated approach to bring about comprehensive financial inclusion and provide banking services to all households in the country. Hence, Option 3 is correct.
- It is one of the biggest financial inclusion initiatives in the world, announced on 15 August 2014 by PM Narendra Modi from the ramparts of the Red Fort and launched on August 28th.
- Guinness World Records has also recognized the achievements made under it and has certified that the “Most bank accounts opened in one week as part of the Financial Inclusion Campaign is 18,096,130 and was achieved by the Department of Financial Services, Government of India.”
- Today, coverage of almost 100% has been achieved where out of the accounts opened, 60% are in rural areas and 40% are in urban areas while the share of female account holders is about 51%.
In case you still have your doubts, contact us on 9811333901.
For UPSC Prelims Resources, Click here
For Daily Updates and Study Material:
Join our Telegram Channel – Edukemy for IAS
- 1. Learn through Videos – here
- 2. Be Exam Ready by Practicing Daily MCQs – here
- 3. Daily Newsletter – Get all your Current Affairs Covered – here
- 4. Mains Answer Writing Practice – here
