Question
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. 3. The Ministry of Agriculture and Farmer Welfare (MoA&FW) is the nodal Ministry implementing the scheme. Which of the statements given above is/are correct?Solution
The premium rate for Kharif Crops is 2 percent, for Rabi Crops it is 1.5 percent and for annual commercial and horticulture crops, it is five percent. The scheme under its ambit covers Yield Losses, prevention of sowing due to bad weather, post-harvest losses and localized problems like a landslide, hailstorm, etc. The Ministry of Agriculture and Farmer Welfare (MoA&FW) is the nodal Ministry implementing the scheme.
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