Start learning 50% faster. Sign in now
PMFBY was introduced during the 2016 Kharif season. To give farmers full insurance coverage in the event of crop failure and stabilize their incomes, The general insurance companies that have been appointed to implement the scheme. It is upgraded/modified on a timely basis considering the current political climate and the need for policy involvement in crop insurance in the nation. The Scheme includes all food and oil seed crops as well as annual commercial and horticultural crops for which past yield information is available and for which the necessary number of Crop Cutting Experiments (CCEs) are being conducted as part of the General Crop Estimation Survey (GCES). All farmers are free to participate in the updated Scheme starting in Kharif 2020, and the States have chosen the Insurance Companies for three years in a row. Hence, statements 1 and 3 are correct. In terms of farmer participation, PMFBY is currently the largest crop insurance programme worldwide enrolments, which average 5.5 crore applications annually and rank third in terms of premiums gotten. Farmers have paid a premium over the course of its implementation's last six years.25,186 billion rupees and got claims totalling 1.26 lakh billion rupees (as of 31st October 2022). Hence, statement 2 is correct
What is the capacity of India’s first CO2 to methanol pilot plant being constructed in Pune?
How much money has been approved by the Union Cabinet for broadband connectivity in villages under bharatnet project?
Which two countries are connected by the newly established 131.5 km long Metri pipeline for the transportation of diesel?
Which statements is wrong about Swamp deer:
1. Recently, the Manas National Park and Tiger Reserve announced that the population of swamp deer ...
CBSE, KVS, JNV regulated by which organization?
Consider the following countries:
1.Azerbaijan
2.Turkmenistan
3.Armenia
4.China
5.India
6.Iran
7.Kyrgyz...
What is the theme of International Day of Democracy 2023, which is celebrated on 15th September every year?
_________ country has purchased the surface to air missile system from India?
Who was appointed the first Surveyor General of India in 1815?
2018 In which state are most Eklavya Model Residential Schools sectioned?