Often seen in news, Mantri Fasal Bima Yojana (PMFBY), is a
A. Crop Production Development Scheme
B. Crop Insurance Scheme
C. Organic Farming Promoting Scheme
D. All of these
Explanation:
Union government has allocated ₹16,000 crores for Pradhan Mantri Fasal Bima Yojana (PMFBY) for the fiscal year 2021-22 to boost the safety of farmers’ crops and to ensure that maximum benefit of crop insurance reaches farmers. Today, PMFBY is globally the largest crop insurance scheme in terms of farmer participation and 3rd largest in terms of premium. Over 5.5 crore farmer applications are received on year-on-year basis.