GyanGramWith reference to ‘Pradhan Mantri Fasal Bima Yojana’, consider the following statements: 1. Under this scheme…
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With reference to ‘Pradhan Mantri Fasal Bima Yojana’, consider the following statements:
1. Under this scheme, farmers will have to pay a uniform premium of two per cent for any crop they cultivate in any season of the year.
2. This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.
Which of the statements given about is/are correct?
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• Correct Answer: B
• PMFBY charges 2% for Kharif, 1.5% for Rabi, and 5% for commercial/horticultural crops—not uniform.
• It covers post-harvest losses for up to 14 days against cyclones and unseasonal rains.
• Statement 1 is incorrect as premium rates vary by crop season.
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