Pradhan Mantri Jan Dhan Yojana has been launched for:

Question

Pradhan Mantri Jan Dhan Yojana has been launched for:

1. A. Providing housing loans to persons below the poverty line
2. B. Promoting women's Self Help Groups
3. C. Promoting financial inclusion in the country (Correct answer)
4. D. Promoting loans to start-up business ventures

Correct Answer

Option C — Promoting financial inclusion in the country

Detailed Solution & Explanation

The correct answer is Promoting financial inclusion in the country.

Key Points

• PM Jan Dhan Yojana (PMJDY), launched on 28 August 2014, is the world's largest financial inclusion program.
• It provides universal access to banking services, allowing every household to open a zero-balance bank account.
• It also provides a RuPay debit card, overdraft facility, and accident insurance cover.