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    Which one of the following states topped in setting up rural bank accounts in India up to February 2013?
    Question

    Which one of the following states topped in setting up rural bank accounts in India up to February 2013?

    A.

    Uttar Pradesh

    B.

    Madhya Pradesh

    C.

    West Bengal

    D.

    Bihar

    Correct option is A

    Uttar Pradesh led in setting up rural bank accounts in India up to February 2013. This success is attributed to various financial inclusion initiatives, such as the Pradhan Mantri Jan Dhan Yojana and other government schemes aimed at extending banking services to rural areas. Financial inclusion is essential for bringing underserved rural populations into the formal financial system, providing them with access to credit, savings, and insurance services. Uttar Pradesh, being the most populous state, had a significant focus on improving financial access, which led to a large number of rural bank accounts being opened. This helped enhance economic empowerment in rural regions by reducing reliance on informal credit sources and encouraging saving habits.

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