Which of the following schemes is related exclusively to Financial Inclusion? [Indian Overseas Bank 2011]

BANKING GENERAL KNOWLEDGE

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

A	Swawalamban
B	Swadeshi
C	Swabhiman
D	SGSY

Explanation:

Detailed explanation-1: -The Correct answer is PMJDY. PMJDY: Stands for Pradhan Mantri Jan Dhan Yojna. It is a 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-2: -The various schemes relating to financial inclusion are as follows: Pradhan Mantri Jan Dhan Yojana(PMJDY) Atal Pension Yojana(APY) Pradhan Mantri Vaya Vandana Yojana(PMVVY)

Detailed explanation-3: -These include banking, loan, equity, and insurance products. Financial inclusion efforts typically target those who are unbanked and underbanked, and directs sustainable financial services to them.

There is 1 question to complete.