Which one among the following schemes was introduced by the Government of India with the objective of universal access to banking facilities, for all households across the country, through a bank branch, or a fixed point business correspondent within a reasonable distance?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Pradhan Mantri Jan Dhan Yojana
The scheme introduced by the Government of India with the objective of universal access to banking facilities for all households is: Pradhan Mantri Jan Dhan Yojana
Reason:
- Launched in 2014
- Aimed at ensuring financial inclusion
- Provides access to bank accounts, savings, remittances, credit, insurance, and pension
- Banking access through bank branches or Business Correspondents (BCs) within reasonable distance