UPSC CSE Mains 2016 · GS3

Pradhan Mantri Jan Dhan Yojana (PMJDY) is necessary for bringing unbanked to the institutional finance fold. Do you agree with this for financial inclusion of the poor section of the Indian society? Give arguments to justify your opinion.

Theme

T132 Financial inclusion & rural credit

What UPSC asks in this theme

UPSC asks financial inclusion as part of social and economic inclusion, RBI's FI Index, Jan Dhan for the unbanked, and rural credit cooperatives' role and challenges.

What to cover

PMJDY outcomes; dormant accounts
RBI FI Index components
Rural credit: cooperatives, RRBs, NABARD, KCC
Technology: BCs, payments banks, digital lending

Writing the answer

Link to inclusive growth and SHGs

These notes are for the whole theme, built from all 3 of its PYQs. UPSC does not publish model answers.

More PYQs from this theme

GS3202610 marks
Examine the view that financial inclusion is an integral part of social and economic inclusion in a country like India. Also throw light on the usefulness of the R.B.I.’s Financial Inclusion Index.
GS32014
“In the villages itself no form of credit organization will be suitable except the cooperative society.” — All India Rural Credit Survey. Discuss this statement in the background of agricultural finance in India. What constraints and challenges do financial institutions supplying agricultural finance face? How can technology be used to better reach and serve rural clients?

All 22 GS3 2016 questions · Technology, Economy, Environment, Security & Disaster Management · Report a typo