BANKING & FINANCE
Financial Inclusion
Government Reports Milestone Achievements in Flagship Financial Inclusion Schemes
Pradhan Mantri Jan Dhan Yojana (PMJDY) surpassed 57.78 crore accounts as of February 25, 2026, with a total deposit balance exceeding Rs. 2.94 lakh crore.
Women account for 55.8% of Jan Dhan accounts, while 78.2% of the total accounts are situated in rural and semi-urban regions.
The Pradhan Mantri Mudra Yojana (PMMY) has sanctioned 57.26 crore loans worth Rs. 39.48 lakh crore to support micro-entrepreneurs since its inception.
Cumulative enrollments for PMJJBY (Life Insurance) and PMSBY (Accident Insurance) have reached 26.88 crore and 57.11 crore, respectively.
Perspective: These metrics demonstrate the success of the JAM (Jan-Dhan, Aadhaar, Mobile) trinity in enabling direct welfare transfers and deep-rooted banking penetration.
Women account for 55.8% of Jan Dhan accounts, while 78.2% of the total accounts are situated in rural and semi-urban regions.
The Pradhan Mantri Mudra Yojana (PMMY) has sanctioned 57.26 crore loans worth Rs. 39.48 lakh crore to support micro-entrepreneurs since its inception.
Cumulative enrollments for PMJJBY (Life Insurance) and PMSBY (Accident Insurance) have reached 26.88 crore and 57.11 crore, respectively.
Perspective: These metrics demonstrate the success of the JAM (Jan-Dhan, Aadhaar, Mobile) trinity in enabling direct welfare transfers and deep-rooted banking penetration.
Key Facts / Static GK
PMJDY Launch Date: August 28, 2014
PMJJBY/PMSBY Launch Date: May 9, 2015
Atal Pension Yojana (APY) Age Eligibility: 18 to 40 years
Mudra Loan Categories: Shishu (up to 50k), Kishore (50k-5L), Tarun (5L-20L)
PMJJBY/PMSBY Launch Date: May 9, 2015
Atal Pension Yojana (APY) Age Eligibility: 18 to 40 years
Mudra Loan Categories: Shishu (up to 50k), Kishore (50k-5L), Tarun (5L-20L)
Practice Quiz — 18 March 2026
Q1. What is the total amount of penalty imposed by the RBI on Manappuram Finance for violating KMP compensation guidelines?
Answer: (C) ₹2.70 lakh — The RBI imposed a monetary penalty of ₹2.70 lakh on Manappuram Finance for non-compliance with Key Managerial Personnel (KMP) compensation guidelines regarding pay deferral, malus, and clawback provisions.
Q2. Regarding the World Bank's Clean Air programs for UP and Haryana, which of the following statements is correct?
Answer: (B) The Haryana project involves a Special Purpose Vehicle (SPV) named ARJUN. — As part of the Haryana Clean Air Project, the state government has set up ARJUN (a Special Purpose Vehicle) for coordination and monitoring. Statement A is wrong (UP got $299.66m), C is wrong (Haryana tenure is longer), and D is wrong (Additional support from UK and Switzerland exists).
Q3. The ₹100-crore Integrated Aqua Park launched by the Union Minister is located in which district of Jammu and Kashmir?
Answer: (C) Anantnag — Union Minister Rajiv Ranjan Singh launched the ₹100 crore Integrated Aqua Park in Anantnag, Jammu and Kashmir, during the NCCWF conference.
Q4. Which of the following is NOT one of the six metro cities included in the Phase 1 launch of the '24 Speed Post' service?
Answer: (C) Pune — The six metro cities covered in Phase 1 are New Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and Hyderabad. Pune is not part of this list.
Q5. What is the primary export target set for the newly launched Special Economic Zone (SEZ) IT Park in Puducherry?
Answer: (D) ₹10,000 crore — The SEZ IT Park in Puducherry has been established with a specific export target of ₹10,000 crore.
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