How many years has the major crop insurance scheme – Pradhan Mantri Fasal Bima Yojana (PMFBY) completed in April 2023?

Correct option is C

The correct answer is (c) Seven

Explanation:
• The Pradhan Mantri Fasal Bima Yojana (PMFBY) completed seven years in April 2023.
• The scheme was launched on 1st January 2016.
• The PMFBY was launched with the goal of providing financial support to farmers in case of crop failure due to natural calamities, pests, and diseases.
• The scheme aims to make crop insurance affordable and accessible to farmers across India.
• By April 2023, the scheme had been running for seven years since its inception in 2016.

Information Booster:
• The scheme has reached a large number of farmers and expanded its coverage over the years, improving its impact and coverage.
• The government has made efforts to enhance awareness and simplify procedures for the implementation of the scheme.

Additional Knowledge:
Three (Option a)
• PMFBY was launched in 2016, so it did not complete three years by April 2023.

Four (Option b)
• The scheme completed four years in 2020, not in 2023.

Five (Option d)
• The scheme completed five years in 2021, so it cannot be five years old in 2023.