The 'Indradhanush Scheme', launched by the Government of India in 2015, is primarily associated with:

Correct Answer: Revamping public sector banks to enable them to compete with private banks

Subject: economics

• Vaccination of rural children
• Promoting microfinance startups
• Revamping public sector banks to enable them to compete with private banks
• Digitisation of primary agricultural credit societies

Explanation: • <b>Key Fact</b> The Indradhanush Scheme (2015) was launched specifically for the revamping of public sector banks. • <b>Supporting Detail</b> The goal was to reform them comprehensively and enable them to compete efficiently with private sector banks. • <b>Related Concept</b> It involves a 7-pronged strategy (like the colors of a rainbow/Indradhanush) targeting areas like appointments, capitalization, and de-stressing. • <b>Why wrong options are wrong</b> Note: Mission Indradhanush (health) is for vaccination, but in the banking/economic context given in the source, it strictly refers to PSB revamping. • <b>Exam Trick</b> In economics, "Indradhanush" brings colors back to the fading Public Sector Banks. • <b>Additional Info</b> The P.J. Nayak Committee (2014) heavily inspired many governance reforms seen in PSBs.

Loading Gyaanify...