2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pradhan Mantri Jan Dhan Yojana
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Pradhan Mantri Vaya Vandana Yojana
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Pradhan Mantri Mudra Yojana
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Sukanya Samriddhi Account
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Detailed explanation-1: -PMJDY, the National Mission for Financial Inclusion, had completed seven years of implementation in August last year. It was announced by Prime Minister Narendra Modi in his Independence Day address on August 15, 2014.
Detailed explanation-2: -The total balance in basic bank accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) reached ₹1.80-lakh crore. As on December 30, 2022, the total balance stood at ₹1,80,857 crore with 47.84 crore beneficiaries. Out of this, 26.54 crore are women.
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. Objectives: Ensure access of financial products & services at an affordable cost.
Detailed explanation-4: -The average balance in an account hovers around ₹3,000, and the average cost of maintaining these accounts for a bank is almost the same. When balances grow, banks tend to benefit from PMJDY.