With reference to ‘Pradhan Mantri Fasal Bima Yojana’, consider the following statements :
- 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.
- This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2016
– Statement 2 is correct: The PMFBY scheme includes coverage for post-harvest losses. These losses are assessed at the individual farm level for damage arising out of specified perils like cyclone, cyclonic rains, and unseasonal rains that occur up to a period of two weeks from harvesting, for those crops which are required to be kept in cut & spread condition to dry in the field.