In which year the Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched?

Daily Current Affairs Quiz 24 July 2021

In which year the Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched?

A. 2016

B. 2017

C. 2018

D. 2019

Explanation:

Pradhan Mantri Fasal Bima Yojana (PMFBY) is being implemented on actuarial/bidded premium rates however, farmers including small farmers have to pay maximum 2% for Kharif, 1.5% for Rabi food and oilseed crops and 5% for commercial/horticultural crops. The Pradhan Mantri Fasal Bima Yojana (PMFBY) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields.

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