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 cyclones and unseasonal rains.
Which of the statements given above is/are correct?
Show answer
Answer: B. Statement 1 is wrong: premiums are not uniform; farmers pay 2% for Kharif, 1.5% for Rabi and 5% for annual commercial and horticultural crops. Statement 2 is correct: post-harvest losses from cyclones and unseasonal rains are covered for crops left to dry in the field (up to 14 days). So only 2.
Watch for: The 2% figure is right for Kharif, so students accept it as uniform for all crops.
Why the other options are wrong
- A. Wrong because the premium is not a uniform 2% for all crops and seasons.
- C. Wrong because Statement 1 is false.
- D. Wrong because the scheme does cover such post-harvest losses.
Source to check: Ministry of Agriculture and Farmers Welfare, PMFBY Operational Guidelines 2016 (pmfby.gov.in)
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.