Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:
Government of India introduced a scheme which aimed at improving the financial inclusion of rural population. Under the scheme, all adults are encouraged to open bank accounts which enables them to get Rs. 1-2 lakh accidental insurance coverage and overdraft facilities for Rs. 10,000 and get their wages, old age pension and other social security payments of the government transferred to bank accounts. On top of that, there is no need to keep minimum bank balance. What is the name of the scheme?
Options:
Atal Pension Yojana
Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Vaya Vandana Yojana
Pradhan Mantri Mudra Yojana
Correct Answer:
Pradhan Mantri Jan Dhan Yojana
Explanation:
Pradhan Mantri Jan Dhan Yojana provides the above stated benefits to the account holders.