UPSC Previous Year Question | Prelims GS | 2016

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?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Correct Answer

2 only

Explanation

PMFBY covers post-harvest losses due to cyclones and unseasonal rains, making statement 2 correct. Premium rates differ by season (2% for Kharif, 1.5% for Rabi, 5% for commercial/horticultural crops) rather than a uniform 2% for all crops in all seasons, making statement 1 incorrect.

Topics: agriculture, crop insurance schemes, indian economy, pradhan mantri fasal bima yojana