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In August 2020, Pradhan Mantri Jan-Dhan Yojana has completed:
Question

In August 2020, Pradhan Mantri Jan-Dhan Yojana has completed:

A.

6 years

B.

7 years

C.

5 years

D.

4 years

Correct option is A

The correct answer is: (a) 6 years
Explanation:
· The Pradhan Mantri Jan-Dhan Yojana was launched on 28 August 2014.
· Therefore, by August 2020, the scheme had successfully completed 6 years.
 Information Booster:
· PMJDY was launched to ensure universal access to banking services, especially for the unbanked population.
· On the first day itself, over 1.5 crore bank accounts were opened.
· The scheme includes zero-balance accounts, RuPay debit cards, accident insurance, and overdraft facility.
· PMJDY forms a key part of the JAM Trinity (Jan Dhan – Aadhaar – Mobile).
· It significantly contributed to direct benefit transfers and financial inclusion.

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