With reference to ‘Pradhan Mantri Fasal Bima Yojana’, consider the following statements: [UPSC Prelims 2016]

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 percent for any crop they cultivate in any season of the year.
2. This scheme covers post-harvest losses arising out of the cyclones and unseasonal rains.

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 or 2

Ans. B
Explanation:
2 percent premium under PMFBY is applicable only for khariff crops. For rabi crops the premium is 1.5%.
Why the question Came:
In news recently- important scheme. Economic Survey gives importance to scheme.
Sources:
The Economic Survey 2016-17, The Hindu, Govt Websites

Search Post

Label :