Explanations:Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion scheme launched by the Government of India in 2014. The primary objective of this scheme is to ensure that every household in India has access to basic financial services, including bank accounts, insurance, and pension facilities. This initiative is part of the broader goal of financial inclusion, which aims to provide the unbanked and underprivileged sections of society with access to formal financial services.
The scheme encourages every Indian to open a bank account, which can be done with zero balance. It also provides a RuPay debit card, accident insurance cover, and a small savings account. Additionally, the scheme offers a micro insurance policy and pension facilities to the account holders. By promoting financial inclusion, PMJDY aims to reduce the economic disparity and empower the underprivileged sections of society by providing them with access to financial services.
Other government schemes like Smart Cities, Make in India, and Swachh Bharat Abhiyan have different objectives. Smart Cities focuses on developing infrastructure and services in selected cities, Make in India aims to promote manufacturing and industrial growth, and Swachh Bharat Abhiyan is a cleanliness and sanitation initiative. These schemes, while important, do not align with the goal of financial inclusion and accessibility that PMJDY aims to achieve.
Understanding the objectives and goals of various government schemes is crucial for competitive exams, as questions often test the candidate's knowledge of these initiatives and their impact on society. PMJDY is a significant scheme in the context of financial inclusion and has been a key focus area for the Indian government in recent years.