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Question
State and elaborate whether the following statement is true or false, with valid arguments:
Jan-Dhan Yojana has been a crucial step for financial resource mobilization in the Indian economy.
Options
True
False
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Solution
This statement is True.
Explanation:
Jan-Dhan Yojana has promoted thrift habits and efficient allocation of financial resources, particularly in rural areas. Formal banking system has mobilized a substantial amount under this yojana.
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