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      Question

       Announced on 15th August 2014, _________ is National

      Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
      A Creation of Credit Guarantee Fund Correct Answer Incorrect Answer
      B Accident cover up to Rs. 1,00,000 Correct Answer Incorrect Answer
      C Financial Literacy Programme Correct Answer Incorrect Answer
      D Pension scheme for Unorganised sector Correct Answer Incorrect Answer
      E Basic savings accounts with overdraft facility of Rs. 20,000/-. Correct Answer Incorrect Answer

      Solution

      A key initiative towards this commitment is the Pradhan Mantri Jan Dhan Yojna (PMJDY), which is one of the biggest financial inclusion initiatives in the world. PMJDY was announced by Prime Minister, Shri Narendra Modi in his Independence Day address on 15th August 2014. Basic savings bank accounts with overdraft facility of Rs. 10,000/- to every eligible adult.

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