Financial Inclusion — Set 6
Government Schemes · वित्तीय समावेशन · Questions 51–60 of 160
PM Vishwakarma Yojana covers how many traditional trades?
Correct Answer: C. 18 trades
PM Vishwakarma Yojana covers 18 traditional trades: Carpenter, Boat Maker, Armourer, Blacksmith, Hammer and Tool Kit Maker, Locksmith, Goldsmith, Potter, Sculptor/Stone Carver, Cobbler (Shoemaker), Mason, Basket/Mat/Broom/Coir Weaver, Doll and Toy Maker (Traditional), Barber, Garland Maker, Washerman, Tailor, and Fishing Net Maker. The scheme provides skill upgradation, credit, technology, and market access to these artisans.
Pradhan Mantri Laghu Vyapari Maan-Dhan Yojana provides pension to which category?
Correct Answer: B. Small shopkeepers and traders with annual turnover up to ₹1.5 crore
PM Laghu Vyapari Maan-Dhan Yojana (LVMDY) provides pension of ₹3,000 per month to small shopkeepers and traders with annual turnover up to ₹1.5 crore upon attaining 60 years of age. The scheme was launched in 2019. Beneficiaries aged 18-40 years contribute ₹55-₹200 per month with equal government contribution. It is a voluntary pension scheme for self-employed traders and shopkeepers.
PMSBY annual premium amount (2024) is?
Correct Answer: B. ₹20
Pradhan Mantri Suraksha Bima Yojana (PMSBY) annual premium was revised to ₹20 (from ₹12) effective June 1, 2022. This nominal premium provides ₹2 lakh accidental cover to bank account holders aged 18-70 years. Over 34 crore persons have enrolled in PMSBY. The premium is auto-debited from the linked bank account annually on June 1.
India Stack refers to which digital infrastructure?
Correct Answer: B. Aadhaar, eKYC, eSign, DigiLocker, and UPI - India's open API digital infrastructure
India Stack refers to India's open API (Application Programming Interface) digital public infrastructure comprising Aadhaar (identity layer), eKYC (paperless KYC), eSign (digital signatures), DigiLocker (document storage), and UPI (payment layer). India Stack enables paperless, cashless, and presence-less service delivery. It forms the foundation for JAM trinity and digital financial inclusion. India Stack has been recognized globally as a model for digital public infrastructure (DPI).
How many Jan Dhan accounts are held by women as a percentage of total accounts?
Correct Answer: C. 55%
More than 55% of PMJDY bank accounts are held by women. Women's financial inclusion is a key priority of PMJDY. Women PMJDY account holders have benefited from multiple DBT transfers - LPG subsidy (Ujjwala), maternity benefits (PMMVY), ex-gratia payments (COVID relief), and other welfare transfers. Women's account ownership increased from 26% (2011) to over 77% (2022) per World Bank Global Findex.
Pradhan Mantri MUDRA Yojana primarily targets which income group?
Correct Answer: C. Bottom of the pyramid - micro enterprises and own account workers
PMMY targets the 'bottom of the pyramid' - micro enterprises, own account workers, small traders, artisans, and self-employed individuals who lack access to formal credit. About 68% of MUDRA borrowers are women. The scheme fills the credit gap for businesses too small for conventional bank loans but with viable income-generating activities. MUDRA supports the 'missing middle' in India's credit ecosystem.
Atal Pension Yojana minimum monthly contribution for ₹1,000 pension if joining at age 18 is?
Correct Answer: A. ₹42
If a person joins APY at age 18 and desires a monthly pension of ₹1,000, the minimum monthly contribution is ₹42. The contribution is lower when joining at a younger age due to longer contribution period. For ₹5,000 pension joining at age 18, the contribution is ₹210 per month. If joining at age 40, contribution for ₹1,000 pension is ₹291 per month. Contributions can be monthly, quarterly, or half-yearly.
DigiLocker (India's cloud-based digital document wallet) is part of which digital initiative?
Correct Answer: B. India Stack / Digital India
DigiLocker is a part of India Stack / Digital India initiative launched in July 2015 by Ministry of Electronics and IT. It provides online storage of documents such as driving license, vehicle registration, academic certificates, Aadhaar, PAN, insurance policies, and other official documents issued by government. DigiLocker documents are legally equivalent to physical documents. Over 22 crore registered users use DigiLocker.
PM Vishwakarma Yojana was launched to support artisans on whose birth anniversary?
Correct Answer: B. Vishwakarma Jayanti (September 17)
PM Vishwakarma Yojana was launched by PM Narendra Modi on September 17, 2023 on Vishwakarma Jayanti, the birth anniversary of Lord Vishwakarma - the divine craftsman in Hindu mythology. The scheme was announced in Budget 2023-24. Vishwakarma is worshipped by artisans and craftsmen across India as the patron deity of crafts. The scheme has a total outlay of ₹13,000 crore over five years.
Pradhan Mantri Jan Arogya Yojana and PMJDY together represent which government initiative?
Correct Answer: B. JAM Trinity based social protection delivery
PM-JAY and PMJDY together represent the JAM (Jan Dhan-Aadhaar-Mobile) trinity-based social protection delivery. PMJDY provides the bank accounts needed for DBT of healthcare benefits, while PM-JAY provides the health insurance coverage. Together, they exemplify how financial inclusion infrastructure supports broader social protection goals. JAM trinity-based delivery has saved over ₹2.73 lakh crore from reduced leakages in government benefits as of 2023.