Economics • Indian EconomyEasy
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana launched as a national mission for financial inclusion in India?
A. To ensure universal access to banking facilities with zero-balance basic savings accounts coupled with overdraft and insurance benefits✓ Correct Answer
B. To provide subsidized liquefied petroleum gas cylinders to households below the poverty line
C. To offer minimum assured pension annuities to unorganized sector workers upon retirement
D. To guarantee one hundred days of wage employment to rural households annually
💡 Solution & Explanation
The Pradhan Mantri Jan Dhan Yojana was launched to universalize financial inclusion by providing basic bank accounts with integrated debit cards, accident insurance, and overdraft facilities without requiring minimum balance maintenance. It serves as the foundational platform for direct benefit transfers of government subsidies and welfare payments. This reform significantly expanded formal financial outreach across rural and semi-urban demographics.
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