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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

PMFBY is the government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform. What is the full form of PMFBY?

A	Pradhan Mantri Financial Bima Yojana
B	Pradhan Mantri Fasal Base Yojana
C	Pradhan Mantri Fasal Bank Yojana
D	Pradhan Mantri Fasal Bima Yojana

Explanation:

Detailed explanation-1: -Pradhan Mantri Fasal Bima Yojana-Crop Insurance | PMFBY-Crop Insurance.

Detailed explanation-2: -PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY) 1. OBJECTIVES:-To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.-To stabilise the income of farmers to ensure their continuance in farming.

Detailed explanation-3: -PMFBY is a replacement scheme of NAIS / MNAIS, there will be exemption from Service Tax liability of all the services involved in the implementation of the scheme. It is estimated that the new scheme will ensure about 75-80 per cent of subsidy for the farmers in insurance premium.

Detailed explanation-4: -The Pradhan Mantri Fasal Bima Yojna was launched on 18th February 2016 by Prime Minister Shri Narendra Modi. 21 states implemented the scheme in Kharif 2016 whereas 23 states and 2 UTs have implemented the scheme in Rabi 2016-17.

There is 1 question to complete.