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Consider the following statements about Pradhan Mantri Fasal Bima Yojana –
1. Aims to reduce the premium burden on farmers and ensure early settlement of crop assurance claim.
2. The new Crop Insurance Scheme has been formulated in line with One Nation–One Scheme theme by replacing two existing schemes.
3. Farmers will pay uniform premium of 2 per cent for all Kharif, Rabi and horticultural crops.
Which of the statement given above is / are correct?
1, 2 and 3
1 and 2 only
2 and 3 only
1 and 3 only
Farmers will pay uniform premium of 2 per cent for all Kharif crops and 1.5 percent for all Rabi crops. In case of annual horticultural and commercial crops, farmers will pay 5 per cent premium.
By: Vishal ProfileResourcesReport error
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