Question
Consider the following statements with reference to
Pradhan Mantri Fasal Bima Yojana Scheme: I- It provides a comprehensive insurance cover against the failure of all food & oilseed crops. II- It prescribes a premium of 5% to be paid by farmers for all Kharif crops and 1.5% for all rabi crops. III- Launched in 2016 and is being administered by the Ministry of Agriculture and Farmers Welfare. Which of the statements given above is/are not correct?Solution
Pradhan Mantri Fasal Bima Yojana Launched in 2016 and is being administered by the Ministry of Agriculture and Farmers Welfare. Premium: The prescribed premium is 2% to be paid by farmers for all Kharif crops and 1.5% for all rabi crops. In the case of annual commercial and horticultural crops, the premium is 5%.
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