Detailed Explanation:

Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in August 2014 as a National Mission on Financial Inclusion to ensure universal access to banking facilities with at least one basic banking account per household.

The scheme provides zero-balance bank accounts, RuPay debit cards, accident insurance cover of ₹1 lakh, and overdraft facility to bring unbanked households into the formal financial system, making Option 3 correct.