Economics · Financial Inclusion
Which of the following actions by a Digital Banking Unit (DBU) would be most effective in addressing low penetration and usage of micro-insurance and pension products in rural regions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reducing the number of Business Correspondents to save operational costs and redirecting those funds to corporate advertisements.
- 2Closing physical bank branches to force the local population to use mobile banking applications exclusively.
- 3Implementing a targeted digital literacy campaign focused on the benefits of the Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana through the Business Correspondent network.✓
- 4Increasing the interest rate on basic savings bank deposit accounts to 8 percent per annum for all residents.
Correct answer
Implementing a targeted digital literacy campaign focused on the benefits of the Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana through the Business Correspondent network.
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