Which of the following is are true about modified National Agricultural Insurance Scheme mNAIS 1 nbs...........

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Which of the following is/are true about modified National Agricultural Insurance Scheme (mNAIS)?

1. It provides insurance for all crops.

2. It is compulsory for farmers who have taken loans.

3. Private sector insurers are also allowed.

Select the correct answer using the codes given below.

1 and 3 only

3 only

2 and 3 only

1, 2 and 3

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Explanation:

statement 2 and 3 are correct and The Government of India introduced the scheme from Rabi 1999-2000 season to protect the farmers against losses suffered by them due to crop failure on account of natural calamities. The scheme is currently implemented by Agriculture Insurance Company of India (AICIL). The scheme is available to all the farmers, loanee and non-loanee, irrespective of size of their holding. The scheme covers all food crops (cereals, millets and pulses) and oil seeds and Annual commercial/ horticultural crops. At present, 10% subsidy on premium is available to small & marginal farmers.