Correct Answer: January 2016

Solution : The correct option is January 2016

The Pradhan Mantri Fasal Bima Yojna was launched on January 13, 2016 , by Prime Minister Narendra Modi. Farmers, including sharecroppers and tenant farmers, growing notified crops in an area are eligible for coverage.
Objectives:

• To offer farmers insurance protection and financial assistance if the notified crops fail due to natural disasters, pests, or diseases.
• To maintain farmers' incomes and ensure their ability to continue farming.
• To motivate farmers to implement cutting-edge and contemporary agricultural practices.
• To make sure that credit is going to the agricultural industry .