Which is the National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings anddeposits accounts, remittance, credit, insurance, pension in an affordable manner?

Correct option is D

Correct Answer is (D) Pradhan Mantri Jan Dhan Yojana

The Pradhan Mantri Jan Dhan Yojana (PMJDY) is the National Mission for Financial Inclusion aimed at ensuring access to financial services to the unbanked population of India. This scheme provides access to basic banking facilities like savings accounts, remittance services, credit, insurance, and pension in an affordable manner. It aims to make financial inclusion a reality by providing financial services to every citizen, especially in rural areas.

• The PMJDY was launched on August 28, 2014, with the goal of providing universal access to banking facilities for all households in India.
• Zero balance accounts, Overdraft facility, and RuPay debit cards are among the key features of this scheme.
• The scheme also ensures direct benefit transfers (DBT), making it easier for people to access government subsidies.

• Deendayal Antyodaya Yojana: Focuses on poverty alleviation and socio-economic development, particularly through skill development.
• Deen Dayal Upadhyaya Grameen Kaushalya Yojana: Aimed at skilling rural youth and improving employability.
• Swarnjayanti Gram Swarozgar Yojana: Focuses on promoting self-employment among the rural poor, not specifically on financial inclusion.