Question

Read the following statements carefully and identify the false statement with respect to the Pradhan Mantri Jan Ohan Yojana.

Options

• It promotes habit of saving among masses.

• Government uses it for direct benefit transfers under various schemes.

• Each account holder is entitled to ₹ 5,00,000 accidental insurance and ₹ 3,00,000 life insurance.

• It ensures financial inclusion of every account holder.

Answer 1

Government uses it for direct benefit transfers under various schemes.