Which of the following is NOT an initiative by the government for development of the microfinance sector in India?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Pradhan Mantri Jan Dhan Yojana.
Pradhan Mantri Jan Dhan Yojana is not specifically an initiative for the development of the microfinance sector in India. Instead, it is a financial inclusion program aimed at providing access to banking services for the unbanked population. The other initiatives mentioned—E-Shakti Initiative, Pradhan Mantri Mudra Yojana, and India Micro Finance Equity Fund—are directly related to supporting and developing the microfinance sector by providing funding, digitization, and financial support to microfinance institutions and their clients.