Six pillars of PMJDY - Polity & New Initiatives by Govt
Q. Pradhan Mantri Jan Dhan Yojana (PMJDY) consists of following six pillars. Which of the following are to be completed in first phase (15th August, 2014 - 15th August, 2015) i.e. one year?
1) Universal Access to banking facilities
2) Financial Literacy programme
3) Providing Basic banking accounts with overdraft facility, RuPay debit card with inbuilt insurance.
4) Micro Insurance
5) Unorganized sector pension schemes like Swavlambam
6) Creation of Credit Guarantee Fund for coverage of defaults in overdraft accounts.- Published on 06 Aug 15a. 1, 2 and 3
b. 1, 2, 3 and 4
c. 1, 3 and 4
d. 3, 4 and 5
ANSWER: 1, 2 and 3
Phase 1 includes implementing 1, 2 and 3. Phase 2 (15th August 2015 to 15th August 2018) includes implementing 4, 5 and 6. It is a National Mission for Financial Inclusion.
