Which institutional mechanism was established to provide financial inclusion and doorstep banking services in unbanked rural pockets of Chhattisgarh through localized business correspondents?

💡 Solution & Explanation

Pradhan Mantri Jan Dhan Yojana transformed financial inclusion in India by facilitating universal access to banking services, zero-balance savings accounts, RuPay debit cards, and micro-insurance, heavily leveraging business correspondents in remote areas like Bastar and Dantewada. It brought millions of previously unbanked citizens into the formal financial fold. This network also serves as the backbone for direct benefit transfers of government subsidies.