Economics • Indian EconomyEasy
What is the core objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
A. Ensuring universal access to banking services with at least one basic bank account for every unbanked household, coupled with financial literacy✓ Correct Answer
B. Providing subsidized chemical fertilizers to large agricultural landowners
C. Constructing multi-lane national highways connecting major metropolitan ports
D. Subsidizing domestic LPG cylinder purchases for commercial restaurants
💡 Solution & Explanation
Pradhan Mantri Jan Dhan Yojana is a national mission for financial inclusion to ensure access to financial services such as banking savings accounts, remittance, credit, insurance, and pension at affordable rates. Fertilizer subsidies and highway construction are administered through distinct ministerial schemes. LPG subsidies are managed via direct benefit transfer platforms.
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