Which of the following are the features of Pradhan Mantri Jan Dhan Yojana?
- 1. Ensuring financial inclusion of the poor
- 2. Enhancing financial literacy
- 3. Provision for accidental insurance to account holders
- 4. Allowing bank accounts with zero balance
Select the correct answer using the code given below :
1 and 4 only
1, 2 and 3 only
2 and 4 only
1, 2, 3 and 4
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC NDA-1 – 2016
– Feature 1 (Ensuring financial inclusion of the poor): This is the primary objective of PMJDY, seeking to provide access to financial services like banking, remittances, insurance, and pension to the unbanked population.
– Feature 2 (Enhancing financial literacy): Financial literacy and credit counseling are integral parts of the scheme to empower account holders to effectively use financial services.
– Feature 3 (Provision for accidental insurance to account holders): PMJDY accounts came with a free accidental death insurance cover (initially Rs. 1 lakh, later enhanced) for the RuPay debit cardholders.
– Feature 4 (Allowing bank accounts with zero balance): A key aspect of the scheme was that accounts could be opened with zero initial deposit, making it accessible to everyone, especially the poor.
– All four listed statements are indeed features of the Pradhan Mantri Jan Dhan Yojana.