With reference to ‘Pradhan Mantri Fasal Bima Yojana’, consider the following statements:
- 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.
- This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.
Which of the statements given above is/are correct?
Detailed Explanation:
❌ Statement 1 – Incorrect: PMFBY prescribes differential premium rates: 2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops. The premium is not uniform across all crops and seasons.
✅ Statement 2 – Correct: PMFBY covers post-harvest losses (up to 14 days from harvesting) caused by cyclones and unseasonal rains, provided crops are kept in cut and spread condition in the field.
Question 29 of 36 Central Schemes
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