Which of the following statements are correct regarding Horticulture crop insurance scheme ........

Haryana Economy

Which of the following statements are correct regarding Horticulture crop insurance scheme?

Farmers need to give only 2.5 per cent, that is Rs 750 for vegetable and spice crop and Rs 1000 for fruit crops against a sum assured of Rs 30,000 and Rs 40,000, respectively.

The claim compensation will be based on survey and extent of loss in four categories of 25, 50, 75 and 100 per cent.

The scheme will be optional. A seed capital of Rs 10 crore will be kept by the state government for the scheme.

All of the above

छोटे Courses बड़े Results

Master Economy

Prepare through Micro-courses

Try Now

Explanation:

The Haryana government approved the implementation of the Mukhyamantri Bagwani Bima Yojana (MBBY), an assurance-based scheme to compensate crop losses due to adverse weather and natural calamities for farmers growing horticulture crops.

A total of 21 vegetable, fruit and spice crops will be covered under the scheme.

Under this scheme, farmers need to give only 2.5 per cent, that is Rs 750 for vegetable and spice crop and Rs 1000 for fruit crops against a sum assured of Rs 30,000 and Rs 40,000, respectively. The claim compensation will be based on survey and extent of loss in four categories of 25, 50, 75 and 100 per cent. The scheme will be optional. A seed capital of Rs 10 crore will be kept by the state government for the scheme.