Economy
2015
Agriculture Schemes
Government Schemes
With reference to ‘Pradhan Mantri Fasal Bima Yojana’, which of the following statements is/are correct?
- It provides insurance coverage and financial support to farmers in the event of crop failure.
- It covers both pre-harvest and post-harvest losses.
Select the correct answer using the code given below.
D.Neither 1 nor 2
C.Both 1 and 2
B.2 only
A.1 only
Correct Answer: Option C
The Pradhan Mantri Fasal Bima Yojana (PMFBY) aims to provide insurance coverage and financial support to farmers facing crop failure due to natural calamities, pests, or diseases.
Statement 1 is correct: It directly addresses the financial distress of farmers when their crops are damaged.
Statement 2 is correct: The scheme provides comprehensive insurance coverage from pre-sowing to post-harvest losses, including prevented sowing, standing crop loss, and post-harvest losses due to cyclonic rains and unseasonal rainfall.
Hence, both statements 1 and 2 are correct.
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