Question

“Recently, the Government of India launched Jan-Dhan Yojana.”
In the light of the given statement, discuss briefly the objectives of this scheme.

Hint:

Jan-Dhan Yojana promotes financial inclusion by providing access to banking, insurance, and direct benefit transfers for the unbanked population.

Answer 1

Financial Inclusion: The primary aim of the Jan-Dhan Yojana is to provide access to financial services like savings accounts, insurance, and credit to the economically weaker sections of society. Affordable Banking Services: It focuses on extending banking facilities to unbanked areas through no-minimum-balance accounts. Social Security: The scheme includes benefits like accident insurance and life insurance for account holders, promoting economic security. Direct Benefit Transfers (DBT): Facilitates direct transfer of subsidies and welfare payments, ensuring transparency and reducing leakages.