Question

In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources.

Hint:

Financial inclusion policies help bridge economic disparities by ensuring access to banking services for all.

Answer 1

Understanding Jan-Dhan Yojana and Financial Resource Allocation:
- The Pradhan Mantri Jan-Dhan Yojana (PMJDY) was launched to provide financial inclusion by ensuring access to banking services for all. Evaluation: 
1. True Statement: - The initiative aims to channel financial resources effectively by bringing the unbanked population into the formal banking sector.
2. Improved Financial Inclusion: - By providing zero-balance accounts, insurance, and overdraft facilities, it ensures better resource mobilization and utilization. 
3. Boost to Economic Growth: - Increased banking penetration improves savings, investment, and credit accessibility, leading to overall economic development.
Conclusion: The statement is true, as government initiatives like Jan-Dhan Yojana have played a crucial role in improving financial resource allocation in India.