CURRENT AFFAIRS

Detailed explanation-1: -The Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched in 2016 by Prime Minister Narendra Modi as an insurance service scheme for farmers for their yields.

Detailed explanation-2: -Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), a flagship scheme of Government of India, is an outcome of the continued commitment of Prime Minister of India, Sri Narendra Modi to initiate policy actions and implement public programs for an inclusive and productive agricultural sector.

Detailed explanation-3: -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-4: -16,000 crores under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) through Direct Benefit Transfer. Under the scheme, eligible farmer families are provided a benefit of Rs. 6000 per year in three equal instalments of Rs. 2000 each.

Detailed explanation-5: -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.