Question

The 'Jan Dhan Yojana' has been particularly successful in Kerala due to:

• A. The low population density of the state making door-to-door banking easier
• B. The state's pre-existing high levels of financial inclusion and literacy
• C. A significant decrease in the state's overall poverty rate prior to the scheme's launch
• D. The easy availability of ATMs across all rural and urban areas in the state

Answer 1

Answer:

B. The state's pre-existing high levels of financial inclusion and literacy

• Kerala's high literacy rates and extensive cooperative banking network meant that a significant portion of the population was already banked.

• The Jan Dhan Yojana helped to bring the remaining unbanked population into the formal financial system.