The correct answer is: B) Pradhan Mantri Fasal Bima Yojana
Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Government of India in 2016. The scheme provides insurance coverage to farmers against crop failure due to natural calamities like drought, flood, hailstorm, etc. It is a comprehensive crop insurance scheme that covers all major Kharif and Rabi crops.
The scheme is implemented by the Ministry of Agriculture and Farmers Welfare through the State Governments. The premium for the scheme is shared between the Central Government, State Governments and farmers. The Central Government bears 50% of the premium, while the State Governments and farmers bear 25% each.
The scheme has been well-received by farmers and has helped them to mitigate the risk of crop failure. The scheme has also helped to increase the productivity of crops.
The other options are incorrect because:
- A) Pradhan Mantri Kisan Samman Nidhi is a scheme that provides direct income support to farmers.
- C) Rythu Bandhu is a scheme that provides financial assistance to farmers for the purchase of inputs like seeds, fertilizers, etc.
- D) Kisan Credit Card is a scheme that provides loans to farmers at a concessional rate of interest.