Question

The Union Government has recently allowed which scheme for Small Finance Banks and Payments Banks?

• A. Midday Meal Scheme
• B. Pradhan Mantri Kaushal Vikas Yojana
• C. Soil Health Card Scheme
• D. Atal Pension Yojana
• E. None of the above

Answer 1

The correct option is D Atal Pension Yojana

The Union Government has allowed Small Finance Banks and Payments Banks to offer Atal Pension Yojana (APY). Recently, 10 Small Finance Banks and 11 Payment Banks have got the license from Reserve Bank of India to start banking operations in the country. The Banks include Ujjivan Small Finance Bank, Janalakshmi Small Finance Bank, Suryoday Small Finance Bank, India Post Payment Bank and Paytm Payment Bank.