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Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) was launched in which year by the Government of India?
Question


Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) was launched in which year by the Government of India?

A.

2009

B.

2014

C.

2016

D.

2020

Correct option is C

The Correct Answer is C: 2016

Explanation:
The Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) was launched in 2016 as part of the government's efforts to tackle black money post-demonetization. It provided an opportunity for individuals to deposit unaccounted money under a legal framework.

Key Points:

  • Launched in 2016 after demonetization to curb black money.
  • Aimed at providing a legitimate avenue for depositing undisclosed income.
  • Fixed interest rate offered for the deposited amount.

Additional Information:

Year
Scheme Name
Objective
2014
Pradhan Mantri Jan Dhan Yojana
Financial inclusion by providing banking services to all.
2014
Pradhan Mantri Ujjwala Yojana
Providing LPG connections to Below Poverty Line households.
2020
Pradhan Mantri Garib Kalyan Yojana
Financial support to the poor during the COVID-19 pandemic.

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