Question
Class 7Social ScienceBanks and the magic of Finance

What was the purpose of the Pradhan Mantri Jan Dhan Yojana launched in 2014?

Verified Answer

The Pradhan Mantri Jan Dhan Yojana aimed to give every Indian, especially low-income earners, access to a bank account. It required no minimum balance or fees, and since then, over 50 crore accounts have been opened.