Question: Discuss the impact of the Pradhan Mantri Jan Dhan Yojana (PMJDY) on financial inclusion and poverty alleviation.

Answer: PMJDY aims to provide financial services to the unbanked population, fostering financial inclusion and reducing poverty. It includes initiatives like opening bank accounts, providing insurance, and promoting digital payments.

Example:

Increased financial access allows beneficiaries to avail themselves of government subsidies and transfer funds electronically, enhancing their economic well-being.

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