Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Current Affairs Government Policies and Schemes Social Security Schemes
Consider the following statements regarding Pradhan Mantri Fasal Bima Yojana (PMFBY):
1. It provides a comprehensive insurance cover against the failure of the crop thus helping in stabilising the income of the farmers.
2. The prescribed premium is 2% to be paid by farmers for all Kharif crops and 1.5% for all rabi crops. In the case of annual commercial and horticultural crops, the premium is 5%.
3. The scheme was compulsory for loanee farmers availing Crop Loan/Kisan Credit Card (KCC) account for notified crops and voluntary for others.
Which of the statements given above is/are correct?
1
1 only
2
1 and 3
3
1 and 2
4
1, 2 and 3