The Pradhan Mantri Jan Dhan Yojana, launched in 2014, was aimed at what?

Crop insurance for small farmersCorrect answerYour answerSkill training for young workersCorrect answerYour answerFree electricity connections to rural householdsCorrect answerYour answerUniversal access to a bank account and to basic financial servicesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Jan Dhan is a financial inclusion scheme, opening zero-balance accounts with a RuPay card and an accident cover.
The account is the entry point for the rest: a subsidy transferred straight to a beneficiary needs an account to go into.
Crop insurance is a different scheme, Pradhan Mantri Fasal Bima Yojana.

Worth noting

Jan Dhan, Aadhaar and the mobile phone are together called the JAM trinity, and the point of the trinity is direct transfer.

Concept: What PMJDY set out to do
Typical timeTypical: 30 s
Your timeYours: —

The rule this testsEmployment, poverty and welfare

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Ten questions from Indian Economy & Institutions, at your own pace.

The Pradhan Mantri Jan Dhan Yojana, launched in 2014, was aimed at what?

Explanation