Benefits & goals of PMJDY

Q.  Which of the following statements is/are correct about PMJDY?

1. Account holders will be provided zero-balance bank account with RuPay debit card
2. After Six months of opening of the bank account, holders can avail 5,000 ? overdraft from the bank.
- Published on 26 Oct 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
- Pradhan Mantri Jan Dhan Yojana (PMJDY) is the biggest financial inclusion initiative in the world.
- It ensures access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
- It is Run by Department of Financial Services, Ministry of Finance.

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