What was main objective of Pradhan Mantri Jan-Dhan Yojana (PMJDY)?

Prime Minister Narendra Modi has announced a new financial scheme “Pradhan Mantri Jan Dhan” yojana to help the poor open bank accounts which will come bundled with a debit card and life insurance cover. The scheme aims to provide a bank account to every poor in the country, and the account holder will be provided a debit card and a life insurance cover of Rs 1 lakh.
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) is basically a financial inclusion program launched in 2014 by the Government of India. The goal of the program was to ensure that all households in India have access to a bank account, with a particular focus on providing access to those who do not have one. This was intended to help improve access to financial services and bring more people into the formal financial system. Additionally, the program aimed to provide a range of other benefits to account holders, such as access to credit, insurance, and pension schemes.