Question

Which of the following statement is incorrect about PMFBY?

Q: Answer-Which of the following statement is incorrect about PMFBY?

The scheme is mandatory only for farmers in the notified area who possess a Crop Loan accountKCC account to whom credit limit is sanctionedrenewed for the notified crop during the crop season.

A It aims at providing financial support to farmers suffering crop loss/damage arising out of unforeseen events.

B The scheme is implemented by the Ministry of Agriculture and Farmers Welfare (MoA&FW).

C Maximum insurance charges payable by farmer is 1.5% of SI or Actuarial rate, whichever is less for Rabi season crops.

D The scheme is mandatory for all the farmers.

E All are correct

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Which of the following statement is incorrect about PMFBY?

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