Q. Which of the following statements are correct?
1.PM Kisan Samman Nidhi is exclusively for landholding farmers owning more than 5 hectares.
2.Pradhan Mantri Fasal Bima Yojana provides coverage for prevented sowing and post-harvest losses.
3.Agriculture Infrastructure Fund offers interest subvention on loans for building farm infrastructure.
4.All the above three schemes are centrally sponsored and require 50% state funding.
Select the correct answer using the codes given below:
Explanations –
Statements 1 and 4 are incorrect. The PM Kisan Samman Nidhi (PM-KISAN) scheme provides financial assistance to all landholding farmers’ families, regardless of the size of their landholdings. Initially, it was limited to small and marginal farmers with up to 2 hectares of land, but it was later extended to cover all farmer families with cultivable land. PM-KISAN is a Central Sector Scheme, meaning it is fully funded by the Government of India (100%). PMFBY is a Centrally Sponsored Scheme, where premium subsidies are shared between the Centre and States in a ratio of 50:50. The Agriculture Infrastructure Fund is a Central Sector Scheme, fully funded by the Central Government.
Statements 2 and 3 are correct. The Pradhan Mantri Fasal Bima Yojana (PMFBY) covers – Prevented Sowing: Farmers who are unable to sow due to adverse weather conditions can claim up to 25% of the sum insured, Post-Harvest Losses: Coverage is provided for crops kept in the field for drying for up to 14 days after harvest, against risks like cyclones and unseasonal rains. The Agriculture Infrastructure Fund (AIF) provides interest subvention of 3% per annum on loans for building farm-related infrastructure, such as warehouses, cold storages, and processing units. It also offers credit guarantee coverage for loans up to ₹2 crores.
Source: The Hindu
