UPSC Prelims 2015 · Question 1 of 98
UPSC Prelims 2015 question on Pradhan Mantri Jan Dhan Yojana
- ExamUPSC CSE
- Year2015
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicBanking
- DifficultyEasy
- TypeDirect
Pradhan Mantri Jan-Dhan Yojana' has been launched for
Show answer
Answer: C. promoting financial inclusion in the country
Verdict
The answer is promoting financial inclusion in the country. That is the stated objective of the Pradhan Mantri Jan-Dhan Yojana.
Analysis
PMJDY was launched in August 2014 as a national mission to give every household access to a basic banking account, along with a RuPay debit card, accident insurance cover and an overdraft facility after satisfactory operation. The housing loan option describes a shelter scheme rather than a banking access scheme. The Self-Help Group option describes the livelihood mission model, which predates PMJDY and works through group lending. The fourth option, financial help to marginalised communities, is the sharpest distractor because it sounds welfare oriented, but PMJDY delivers access to financial services rather than cash assistance.
Source
Presidential address to the joint session of Parliament, reported in The Hindu.
How to crack it
This is a current affairs question that also needs a moment of reasoning, so decode the scheme name before recalling anything. Jan-Dhan literally means people's wealth, and the word Yojana with a banking context signals access rather than transfer. Then apply the standard filter for flagship schemes: is this scheme about access, about subsidy, or about employment. Build a one line note for every flagship scheme with its launch year and its single core objective, because UPSC tests the objective far more often than the details.