The correct answer is A. 1.50%.
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Government of India in 2016. The scheme is designed to provide financial assistance to farmers in the event of crop failure due to natural calamities.
Under the PMFBY, the farmer’s share of the premium is 1.50% for Rabi crops. The remaining 85% of the premium is paid by the Government of India.
The PMFBY is a comprehensive crop insurance scheme that covers all major Kharif and Rabi crops. The scheme provides coverage against a wide range of risks, including drought, flood, hailstorm, fire, and pest attack.
The PMFBY has been a major success since its launch. In the first three years of the scheme, over 500 million farmers have been insured and over â¹1 lakh crore has been paid out in claims.
The PMFBY has helped to reduce the financial burden on farmers in the event of crop failure. It has also helped to improve the resilience of the agricultural sector to climate change.
The PMFBY is a flagship scheme of the Government of India that is designed to provide financial assistance to farmers in the event of crop failure. The scheme is a comprehensive crop insurance scheme that covers all major Kharif and Rabi crops. The scheme provides coverage against a wide range of risks, including drought, flood, hailstorm, fire, and pest attack. The PMFBY has been a major success since its launch. In the first three years of the scheme, over 500 million farmers have been insured and over â¹1 lakh crore has been paid out in claims. The PMFBY has helped to reduce the financial burden on farmers in the event of crop failure. It has also helped to improve the resilience of the agricultural sector to climate change.