Question

(a)(i) In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources.
State and elaborate whether the statement is true or false, with valid arguments.

Hint:

Link financial inclusion schemes like PMJDY to resource efficiency and economic empowerment.

Answer 1

True. PMJDY provides universal access to banking, enabling direct benefit transfers and reducing financial leakages. Efficient subsidy distribution minimizes dependency on intermediaries, improving economic efficiency. Financial inclusion empowers marginalized communities by improving access to credit and savings.