Q. With reference to PM Jan Dhan Yojana, consider the following statements:
1. Its aim is to provide access to various financial services.
2. The scheme covers both the rural and urban areas.
3. A nominal amount of 50rupess is required to open a bank account under it.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A
Notes:

Statement 1 is correct: It was launched in 2014 to ensure universal access to financial services namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner through the use of technology. 

 Statement 2 is correct: The scheme covers both the urban as well as rural areas and provides an indigenous Debit Card (RuPay card) to each of its account holders. 

 Statement 3 is incorrect: No minimum balance is required for opening an account under this scheme. The beneficiary can open his/her account in any bank branch or Business Correspondent outlet at zero balance. 

 Source: PIB 

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