Which of the following is a key feature of the Pradhan Mantri Jan Dhan Yojana? (

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Question: Which of the following is a key feature of the Pradhan Mantri Jan Dhan Yojana? (2014)

Options:

Correct Answer: Opening of bank accounts with zero balance

Exam Year: 2014

Solution:

The Pradhan Mantri Jan Dhan Yojana allows individuals to open bank accounts with zero balance, promoting financial inclusion.

Which of the following is a key feature of the Pradhan Mantri Jan Dhan Yojana? (2014)

Which of the following is a key feature of the Pradhan Mantri Jan Dhan Yojana? (2014)

Step 1: Understand what the Pradhan Mantri Jan Dhan Yojana is. It is a government scheme launched in 2014 in India.
Step 2: Identify the main purpose of the scheme. It aims to provide financial services to everyone, especially those who do not have access to banking.
Step 3: Recognize a key feature of the scheme. One of the main features is that individuals can open bank accounts without needing to maintain a minimum balance.
Step 4: Conclude that this feature helps promote financial inclusion by allowing more people to access banking services.

No concepts available.