The Central Government’s flagship crop insurance scheme - the Pradhan Mantri Fasal Bima Yojana (PMFBY) has successfully completed how many years of its operation, in January 2021?

  1. 2
  2. 3
  3. 4
  4. 5
  5. 6

Answer (Detailed Solution Below)

Option 4 : 5
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The correct answer is 5.

  • The Central Government’s flagship crop insurance scheme - the Pradhan Mantri Fasal Bima Yojana (PMFBY) has successfully completed 5 years of its operation.
  • The scheme was launched on 13th January 2016.
  • The scheme extends coverage for the entire cropping cycle from pre-sowing to post-harvest including coverage for losses arising out of prevented sowing and mid-season adversities.
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