QUESTION 3
GS3
12.5 marks
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is necessary for bringing the unbanked to the institutional finance fold. Do you agree with this for financial inclusion of the poorer section of Indian society? Give arguments to justify your opinion.
WRITE IN
9 min
200 words
What the examiner wants
Take a position on whether PMJDY is necessary for financial inclusion of the poor, with reasons.
Do you agree... Give argumentsAnswer exactly what the question asks.
Demand-wise check
- 1Agree: basic account as gateway to DBT, insurance, pension, credit; JAM trinity; women's accounts≈35 words
- 2Features: zero balance, RuPay card, accident cover, overdraft≈35 words
- 3Limits: dormant and zero-balance accounts, low credit uptake, last-mile banking, digital literacy≈35 words
- 4Opinion: necessary but not sufficient; need credit, insurance and literacy≈35 words
Open in about 30 words and close in about 30.
Answer plan
Clear stanceFeaturesEvidence of gainsLimitsNecessary-but-not-sufficient conclusion
Where marks usually go
- Not stating a clear opinion
- Ignoring dormant accounts problem
Draw this
- Ladder: account → DBT → insurance/pension → credit
Value addition
- DataOver 50 crore PMJDY accounts by 2023, with women holding about 55%.Ministry of Finance
- DataShare of Indian adults with an account rose from 53% (2014) to 78% (2021).World Bank Global Findex 2021
- ReportEconomic Survey 2014-15 proposed the JAM (Jan Dhan-Aadhaar-Mobile) trinity for targeted subsidies.Economic Survey 2014-15
Mapped topper copies
Reviewed public-source references related to this PYQ. Same-syllabus references are labelled separately.
- Aniket Ranjan · AIR 48 · Page 23 ↗Same syllabus reference
- Shakti Dubey · AIR 1 · Page 26 ↗Same syllabus reference
Links open original public sources. MainsBuddy does not host these answer sheets.
Next: plan for one minute, write it in 9 minutes, then get it checked.