CURRENT AFFAIRS

Detailed explanation-1: -The Punjab National Bank (PNB) has launched “Gram Sampark Abhiyan”, a nation-wide Financial Inclusion and Literacy Campaign on the occasion of the 151st birth anniversary of Mahatma Gandhi.

Detailed explanation-2: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.

Detailed explanation-3: -Hon’ble Prime Minister announced Pradhan Mantri Jan Dhan Yojana as the National Mission on Financial Inclusion in his Independence Day address on 15th August 2014, to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities.

Detailed explanation-4: -Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

Detailed explanation-5: -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)