What is the name of the new scheme announced by the Prime Minister Narendra Modi on Independence Day to help the poor in opening bank accounts, which will come with the facility of a debit card and an accidental insurance cover of Rs. 1 lakh?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Prime Minister Poor Helping Hand Scheme
B	Pradhan Mantri Garibi Hatao Yojana
C	Pradhan Mantri Jan Dhan Yojana
D	Prime Minster Poor relief Yojana

Explanation:

Detailed explanation-1: -PMJDY was announced by Prime Minister, Shri Narendra Modi in his Independence Day address on 15th August 2014.

Detailed explanation-2: -Pradhan Mantri Aawas Yojna The Mission addresses urban housing shortage among the EWS/LIG and MIG categories including the slum dwellers by ensuring a pucca house to all eligible urban households by the year 2022, when Nation completes 75 years of its Independence.

Detailed explanation-3: -Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

Detailed explanation-4: -The Pradhan Mantri Jan Dhan Yojana has a structured monitoring mechanism from Central to District level. At the Centre, Finance Minister is the Mission head along with a Steering Committee and a Mission Director.

Detailed explanation-5: -The plan envisages universal access to banking facilities (with at least one basic bank account for every household), financial literacy, access to credit, insurance and pension facility. In addition, the beneficiaries would get RuPay Debit card having an inbuilt accident insurance cover of ‘2 lakh.

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