Consider the following statements regarding the Pradhan Mantri Fasal Bima Yojana (PMFBY): 1. Under PMFBY, farmers pay a maximum premium of 2% for Kharif crops and 1.5% for Rabi crops. 2. PMFBY provides coverage for certain post-harvest losses for up to 14 days. 3. War and riots are among the risks covered under PMFBY. Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements regarding the Pradhan Mantri Fasal Bima Yojana (PMFBY):
1.Under PMFBY, farmers pay a maximum premium of 2% for Kharif crops and 1.5% for Rabi crops.
2.PMFBY provides coverage for certain post-harvest losses for up to 14 days.
3.War and riots are among the risks covered under PMFBY.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation: PMFBY caps the farmer’s premium at 2% for Kharif and 1.5% for Rabi foodgrain and oilseed crops. Specified post-harvest losses are covered for up to 14 days. War and riots are excluded risks under the scheme.

Source- PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS