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The Pradhan Mantri Fasal Bima Yojana (PMFBY) has successfully entered its 7th year of implementation with the upcoming Kharif 2022 season, completing 6 years of its implementation since its launch announcement on 18th February 2016 by Prime Minister Shri Narendra Modi at Sehore, Madhya Pradesh. A flagship scheme of the Government of India, PMFBY aims to provide financial support to farmers suffering crop loss/damage arising out of natural calamities. Over 36 crore farmer applications have been insured under PMFBY, with over INR 1,07,059 crores of claims have already been paid under the scheme as of 4th February, 2022. Launched 6 years ago, the scheme was revamped in 2020 enabling voluntary participation of the farmers. It also made it convenient for the farmer to report crop loss within 72 hours of the occurrence of any event - through Crop Insurance App, CSC Centre or the nearest agriculture officer, with claim benefit transferred electronically into the bank accounts of the eligible farmer.
Rs. ‘P’ was invested in scheme A at the rate of 30% per annum on compound interest for 3 years. Rs. (P+9875) was invested in scheme B at the rate of...
The difference between compound interest and simple interest at rate of 14% per annum for 2 years is Rs. 294. Find the simple interest obtained on same ...
Simple interest earned on an amount of Rs. 2600 at rate of R% per annum after 4 years is Rs. 1300. Find the simple interest earned on an amount of Rs. 1...
A sum of money doubles itself in 5 years at simple interest. What is the rate of interest per annum?
The difference between the compound interest compounded annually and simple interest of a sum at 15% p.a. for 2 years is Rs. 270. Find the sum.
Rs. ’P’ invested at a rate of 15% p.a. compound interest (compounded annually) amounts to Rs. 8464 at the end of 2 years. Find the simple interest e...
A man invested certain sum at simple interest of r% p.a. such that it amounts to 124% of itself in 10 years. Find the interest earned when Rs. 10000 is ...
A borrowed Rs. 9500 from B for his business. How much amount A will return to B at the end of 36 months such that the sum was borrowed at simple interes...
A man invested Rs. 'r' in scheme 'E' offering simple interest at 14% for 6 years and Rs. 3,000 in scheme 'F' offering simple interest at 10% for 3 years...
Rs. 6,600 is invested in scheme ‘A’ offering simple interest of 13% p.a. and Rs. 2500 in scheme ‘B’ offering simple interest of 4% p.a. What is ...
