Under which scheme did the Government of India agreed to allow four Public Sector Insurers to increase the agricultural insurance cover?

PMJJB

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PMKVY

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PMFBY

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PMSBY

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None of these

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Solution

The correct option is C PMFBY
Government of India made a pact of Allowing four Public Sector Insurers in PMFBY (Pradhan Mantri Fasal Bima Yojana) on July 3rd , 2016. Along with the existing 11 private sector Insurers, Government of India allowed four PSU’s namely LIC(Life Insurance Corporation of India), General Insurance Corporation of India, National Insurance Co. Ltd, Oriental Insurance Co. Ltd. to increase the agricultural insurance cover to a great extent.

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