The Pradhan Mantri Garib Kalyan Yojana (PMGKY) was launched in the year ________.

Correct option is C

The correct Ans is (C) 2016
Explanation: The Pradhan Mantri Garib Kalyan Yojana (PMGKY) was launched in 2016 as a comprehensive scheme to alleviate poverty and support economically weaker sections of society. It was introduced under the Taxation Laws (Second Amendment) Act, 2016, as a part of the government's initiative to curb black money and promote transparency in the financial system. The scheme also aimed to utilize disclosed funds for the welfare of the poor.
Key Points:
· Launch Year: PMGKY was introduced on 17 December 2016.
· Main Objective: To provide benefits to poor families and to collect undisclosed income for developmental activities.
· Components: It included measures like depositing a portion of black money in a dedicated fund for welfare programs.
· COVID-19 Relief Package: During the pandemic in 2020, PMGKY was extended to include a relief package worth ₹1.70 lakh crore, providing free food grains, cash transfers, and other benefits to vulnerable sections.
· PMGKY was part of the government’s broader strategy against black money and financial inclusion.
· The scheme’s relief package during the COVID-19 pandemic benefited over 80 crore individuals through free food grain distribution.