Question

Which of the following is NOT true about the Jan Dhan Yojana scheme of the Government of India ?

1. It was launched on 15^th August 2015 by the Indian Prime Minister.
2. Account holders will be provided bank accounts with no minimum balance.
3. Each account holder will be issued Rupay cards.
4. Every account holder will be given accidental insurance cover of Rs 1 lakh.

Answer 1

Correct Answer - Option 1 : It was launched on 15^th August 2015 by the Indian Prime Minister.

The correct answer is It was launched on 15th August 2015 by the Indian Prime Minister.

Jan Dhan Yojana scheme was launched on 28^th August 2014 by the Indian Prime Minister.

• Pradhan Mantri Jan-Dhan Yojana (PMJDY):
  • The programme was launched on 28^th August 2014 by Prime Minister Narendra Modi.
  • In the year 2014, a total of 17.90 crores, PMJDY accounts were opened.
  • Features of the Scheme:
    • PMJDY accounts with zero balance
    • Accidental insurance cover of Rs. 1 Lakh.
    • Life insurance cover of Rs. 30.000/-.
    • Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
    • Access to Pension, insurance products.
    • Account-holders will be provided bank accounts with no minimum balance.