Which of the following are the features of Pradhan Mantri Jan Dhan Yojana ? 1. Ensuring financial inclusion of the poor 2. Enhancing financial literacy 3. Provision for accidental insurance to account holders 4. Allowing bank accounts with zero balance Select the correct answer using the code given below:

Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, is a national mission for financial inclusion aimed at providing universal access to banking services for the unbanked [2]. Key features include the provision of Basic Savings Bank Deposit (BSBD) accounts with zero balance requirements and no maintenance charges [4]. The scheme specifically targets enhancing financial literacy to empower individuals to manage their finances and access formal credit, insurance, and pension facilities [5]. Additionally, every account holder is provided with a RuPay debit card that includes an inbuilt accidental insurance cover, which was initially ₹1 lakh and later enhanced to ₹2 lakh for accounts opened after August 2018 [4]. By integrating these features, PMJDY ensures that the poor and marginalized sections are brought into the formal financial system [5].

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 8: Financial Market > Recent Major Initiatives to Improve Financial Inclusion Are > p. 239
2. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > 2.18 National Strategy for Financial Inclusion (2019-24) > p. 88
3. [4] https://www.myscheme.gov.in/schemes/pmjdy
4. [5] https://www.pmindia.gov.in/en/major_initiatives/pradhan-mantri-jan-dhan-yojana/
5. [3] https://www.pib.gov.in/PressReleasePage.aspx?PRID=2161401