Which of the following statements is are true about financial inclusion in the rural areas 1 Pradhan...........

Economic Affairs Financial Inclusion

Which of the following statements is/are true about financial inclusion in the rural areas?

1. Pradhan Mantri Jan Dhan Yojna is meant for rural financial inclusion only as banking services are poor in rural areas.

2. Business Correspondent model is meant to both open the bank accounts and collect the deposits on behalf of the banks.

3. Financial inclusion has direct bearing on socio-economic empowerment of rural population.

Select the correct answer using the codes given below:

Only 1

Only 2

2 and 3

All

छोटे Courses बड़े Results

Master Financial Inclusion

Prepare through Micro-courses

Try Now

Explanation:

Pradhan Mantri Jan Dhan Yojna is meant for financial inclusion at both rural and urban areas in India. Business Correspondent model is meant to
both open the bank accounts and collect the deposits on behalf on banks. It replaces brick and mortar model of banking. Financial inclusion has direct bearing on socio-economic empowerment of rural population. As it secures their deposits and provides them loans, helping from the grab
of moneylenders and big farmers.