Question : When was the Pradhan Mantri Fasal Bima Yojana launched?
Option 1: February 2000
Option 2: February 2015
Option 3: January 2016
Option 4: February 1995
Answer (1)
23rd Jan, 2024
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 .
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