Consider the following statements: Statement-I: Currently, the India government does not offer a legal assurance for the Minimum Support Price (MSP). Statement-II: Pradhan Mantri Fasal Bima Yojana (PMFBY) provide insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases. Which one of the following is correct in respect of the above statements? |ForumIAS

Q. Consider the following statements:
Statement-I: Currently, the India government does not offer a legal assurance for the Minimum Support Price (MSP).
Statement-II: Pradhan Mantri Fasal Bima Yojana (PMFBY) provide insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases.
Which one of the following is correct in respect of the above statements?

[A] Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

[B] Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

[C] Statement-I is correct but Statement-II is incorrect

[D] Statement-I is incorrect but Statement-II is correct

Answer: B

Notes:

Explanation –

Statement-I is correct. The Indian government has not implemented a legal guarantee for MSP, despite demands from farmers’ organizations.

Statement-II is correct. Pradhan Mantri Fasal Bima Yojana (PMFBY) provide insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases.

While both statements are correct, Statement-II does not explain the Statement-I. These are two separate aspects of agricultural policy in India.

Source: The Hindu

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