Civil Services Prep

Prelims 2015 · Economy · Question 1

'Pradhan Mantri Jan-Dhan Yojana' has been launched for

  1. providing housing loan to poor people at cheaper interest rates.
  2. promoting women's Self-Help Groups in backward areas
  3. promoting financial inclusion in the country
  4. providing financial help to the marginalized communities.

Answer

promoting financial inclusion in the country

  • (a) PMJDY is not a housing loan scheme; housing support is linked to schemes like PMAY. Verdict: Incorrect.
  • (b) PMJDY is not specifically meant to promote women’s Self-Help Groups; that is associated more with NRLM/SHG programmes. Verdict: Incorrect.
  • (c) PMJDY was launched in 2014 to ensure universal access to banking services, bank accounts, RuPay cards, insurance, and overdraft facilities—i.e. financial inclusion. Verdict: Correct.
  • (d) It is not a direct financial assistance scheme for marginalized communities; its core aim is banking access and inclusion. Verdict: Incorrect.
  1. The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was…
  2. In what way(s) does the Vizhinjam International Seaport represent a structural shift in India's maritime trade…
  3. Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri…
  4. Consider the following statements with reference to the Sagarmala Programme of the Government of India : I.…
  5. An e-commerce revenue model where the seller has control over pricing but doesn't keep products in stock and…
  6. Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index…