Economics • Indian EconomyEasy
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana launched in India?
A. To provide subsidized LPG connections to rural households below the poverty line
B. To ensure universal access to financial services such as basic savings accounts, remittance, credit, insurance, and pension with affordable costs✓ Correct Answer
C. To construct pucca houses for all urban homeless families within municipal corporation limits
D. To guarantee hundred days of wage employment to adult members of rural households
💡 Solution & Explanation
Pradhan Mantri Jan Dhan Yojana is India's national mission for financial inclusion aimed at expanding access to banking services at affordable rates. It provides zero-balance savings bank accounts with built-in overdraft facilities and accident insurance cover. The scheme forms the foundational layer for direct benefit transfers of government subsidies.
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