Question

“Jan-Dhan-Yojna helps in the rural development.” Do you agree with this statement? Explain.

Answer 1

The Pradhan Mantri Jan-Dhan Yojana (PMJDY) promotes financial inclusion by helping people, especially in rural areas, open bank accounts and access banking services. It helps rural development in the following ways:

1. Provides banking facilities to poor and rural households.
2. Encourages people to save money safely in banks.
3. Makes it easier to receive government benefits and subsidies directly into bank accounts.
4. Reduces dependence on moneylenders.
5. Improves access to credit, insurance and pension facilities.
6. Promotes digital payments and financial awareness.
7. Helps rural people participate more actively in the formal economy.

Hence, Jan-Dhan Yojana supports rural development by increasing access to banking and financial services and by improving the financial security of rural households.