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Name the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance and pension facility?
  • a)
    Pradhan Mantri Vaya Vandana Yojana
  • b)
    Pradhan Mantri Mudra Yojana
  • c)
    Pradhan Mantri Jan Dhan Yojana
  • d)
    Pradhan Mantri Suraksha Bima Yojana
  • e)
    Pradhan Mantri Jeevan Jyoti Bima Yojana
Correct answer is option 'C'. Can you explain this answer?
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Name the scheme which was announced in August 2014 to ensure comprehen...
Pradhan Mantri Jan Dhan Yojana is the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance, and pension facility.

Features of Pradhan Mantri Jan Dhan Yojana:

1. Universal access to banking facilities: The scheme aims to provide universal access to banking facilities for all households in the country.

2. Financial literacy: The scheme aims to provide financial literacy to all households in the country to enable them to take informed decisions about their financial future.

3. Minimum balance requirement: The scheme does not require any minimum balance in the account.

4. Overdraft facility: The scheme provides an overdraft facility of up to Rs. 10,000 to account holders.

5. Insurance coverage: The scheme provides insurance coverage of Rs. 1 lakh to account holders.

6. Pension facility: The scheme provides a pension facility to account holders.

7. Mobile banking: The scheme provides mobile banking facilities to account holders.

Benefits of Pradhan Mantri Jan Dhan Yojana:

1. Financial inclusion: The scheme aims to promote financial inclusion by providing banking facilities to all households in the country.

2. Insurance coverage: The scheme provides insurance coverage to account holders, which provides financial security to their families in case of unforeseen events.

3. Overdraft facility: The scheme provides an overdraft facility to account holders, which can help them during times of financial distress.

4. Pension facility: The scheme provides a pension facility to account holders, which can help them during their retirement.

5. Mobile banking: The scheme provides mobile banking facilities to account holders, which can make banking more convenient for them.

Conclusion:

Pradhan Mantri Jan Dhan Yojana is a comprehensive financial inclusion scheme that aims to provide universal access to banking facilities to all households in the country. The scheme provides various benefits such as insurance coverage, overdraft facility, pension facility, and mobile banking facilities to account holders. The scheme has been successful in promoting financial inclusion in the country.
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Name the scheme which was announced in August 2014 to ensure comprehen...
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Name the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance and pension facility?a)Pradhan Mantri Vaya Vandana Yojanab)Pradhan Mantri Mudra Yojanac)Pradhan Mantri Jan Dhan Yojanad)Pradhan Mantri Suraksha Bima Yojanae)Pradhan Mantri Jeevan Jyoti Bima YojanaCorrect answer is option 'C'. Can you explain this answer?
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Name the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance and pension facility?a)Pradhan Mantri Vaya Vandana Yojanab)Pradhan Mantri Mudra Yojanac)Pradhan Mantri Jan Dhan Yojanad)Pradhan Mantri Suraksha Bima Yojanae)Pradhan Mantri Jeevan Jyoti Bima YojanaCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Name the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance and pension facility?a)Pradhan Mantri Vaya Vandana Yojanab)Pradhan Mantri Mudra Yojanac)Pradhan Mantri Jan Dhan Yojanad)Pradhan Mantri Suraksha Bima Yojanae)Pradhan Mantri Jeevan Jyoti Bima YojanaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance and pension facility?a)Pradhan Mantri Vaya Vandana Yojanab)Pradhan Mantri Mudra Yojanac)Pradhan Mantri Jan Dhan Yojanad)Pradhan Mantri Suraksha Bima Yojanae)Pradhan Mantri Jeevan Jyoti Bima YojanaCorrect answer is option 'C'. Can you explain this answer?.
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