What is the National Mission for Financial Inclusion to ensure access to financial services, namely, basic savings and deposit accounts, remittance, credit, insurance, and pension affordably?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Pradhan Mantri Jan Dhan Yojana.
The National Mission for Financial Inclusion is known as Pradhan Mantri Jan Dhan Yojana (PMJDY). Launched in 2014, its goal is to ensure access to essential financial services for all citizens, particularly the underserved and unbanked populations. The mission focuses on providing basic savings and deposit accounts, remittance services, credit, insurance, and pension services at affordable rates. PMJDY aims to promote financial literacy, encourage financial inclusion, and empower individuals by integrating them into the formal banking system.