In India, people are encouraged to open Bank accounts, besides promoting saving habit, this scheme intents to transfer all the benefits of government schemes and subsides to accounts holder directly. This scheme is called ___________.

Pradhan Mantri Jan-Dhan Yojana

The correct answer is option (1) : Pradhan Mantri Jan-Dhan Yojana

From 2014, a scheme called Pradhan Mantri Jan-Dhan Yojana is available in which people in India are encouraged to open bank accounts. Besides promoting savings habit, this scheme intends to transfer all the benefits of government schemes and subsidies to account holders directly. Each bank account holder is also entitled to Rs. 1 lakh accident insurance and Rs. 30,000 life insurance cover.

Note
: This question is from Old NCERT book (Pre rationalised).