{"id":1878,"date":"2024-03-30T01:07:55","date_gmt":"2024-03-29T19:37:55","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1878"},"modified":"2024-04-03T07:09:31","modified_gmt":"2024-04-03T01:39:31","slug":"q-with-reference-to-pradhan-mantri-fasal-bima-yojana-consider-the-following-statements","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-pradhan-mantri-fasal-bima-yojana-consider-the-following-statements","title":{"rendered":"Q.\u00a0With reference to \u2018Pradhan Mantri Fasal Bima Yojana\u2019, consider the following statements:"},"content":{"rendered":"\n
    \n
  1. Under this scheme, farmers will have to pay a uniform premium of two percent for any crop<\/strong> they cultivate in any season of the year.<\/li>\n\n\n\n
  2. This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.<\/li>\n<\/ol>\n\n\n\n

    Which of the statements given above is\/are correct?<\/p>\n\n\n\n

      \n
    • 1 only<\/li>\n\n\n\n
    • 2 only<\/li>\n\n\n\n
    • Both 1 and 2<\/li>\n\n\n\n
    • Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer:<\/strong> (b) 2 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Pradhan Mantri Fasal Bima Yojana:<\/h5>\n\n\n\n
        \n
      • It was launched in 2016<\/strong> and replaced<\/strong> all the prevailing yield insurance schemes<\/strong> in India. <\/li>\n\n\n\n
      • This scheme is being administered by the Department of Agriculture<\/strong>, Cooperation and Farmers\u2019 Welfare under the Ministry of Agriculture<\/strong>, along with empanelled general insurance companies.<\/strong><\/li>\n\n\n\n
      • Aim<\/strong>: To support production in agriculture by providing affordable crop insurance to ensure comprehensive risk cover for crops<\/strong> of farmers against all non-preventable natural risks<\/strong>.<\/li>\n\n\n\n
      • The scheme provides coverage for the entire cropping cycle, from pre-sowing to post-harvest and midseason adversities.<\/strong><\/li>\n\n\n\n
      • Objectives<\/strong>:\n
          \n
        • Providing financial support to farmers suffering crop loss<\/strong>\/damage arising out of unforeseen events;<\/strong><\/li>\n\n\n\n
        • Stabilizing the income of farmers<\/strong> to ensure their continuance in farming;<\/li>\n\n\n\n
        • Encouraging farmers to adopt innovative and modern agricultural practices<\/strong>;<\/li>\n\n\n\n
        • Ensuring flow of credit<\/strong> to the agriculture sector, which will contribute to food security, crop diversification<\/strong> and enhancing growth and competitiveness of the agriculture sector besides protecting farmers from production risks;<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Eligibility criteria<\/strong>:\n
            \n
          • The scheme is compulsory for loanee farmers availing Crop Loan \/KCC account for notified crops.<\/strong><\/li>\n\n\n\n
          • The Scheme would be optional for non-loanee farmers.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • Insurance Coverage:<\/strong>\n
              \n
            • Under this scheme, the insurance cover is limited to specific crops and agricultural risks related to crop yield.<\/strong><\/li>\n\n\n\n
            • The list of notified crops includes food crops (i.e., cereals, millets, and pulses), oilseeds, annual commercial crops, and annual horticultural crops.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • General Exclusions:<\/strong>\n
                \n
              • Losses arising out of war and nuclear risks, malicious damage<\/strong> and other preventable risks<\/strong> shall be excluded.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
              • Premiums<\/strong>:\n
                  \n
                • There will be a uniform premium of only 2%<\/strong> to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops.<\/strong><\/li>\n\n\n\n
                • In the case of annual commercial and horticultural crops<\/strong>, the premium to be paid by farmers will be only 5%.<\/strong><\/li>\n\n\n\n
                • 95-98.5% actuarial premium is fulfilled by the state and central governments<\/strong> and shared on a 1:1 ratio.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                  Which of the statements given above is\/are correct? Answer: (b) 2 only Pradhan Mantri Fasal Bima Yojana:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[57],"class_list":["post-1878","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-57"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":57,"label":"2016"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1878"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1878\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1878"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}