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What is/are the main objectives of payments bank?
Providing interest free loans
Providing Free education to girls
Financial assistance to Farmers
All of the above
Correct Option is Financial Inclusion
Solution:The objectives of setting up of payments banks will be to further financial inclusion by providing (1) small savings accounts (2) payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganised sector entities and other user.
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