Consider the following statements regarding recent Cabinet approvals related to agricultural insurance and subsidies:
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The Cabinet approved continuation of Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) till 2025–26 with an outlay of ₹69,515.71 crore.
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Under PMFBY, the maximum insurance charge payable by farmers for annual commercial crops is 2.0% of the Sum Insured (SI).
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A special package of ₹3,500 per metric ton for Di-Ammonium Phosphate (DAP) subsidy will be extended from January 1, 2025, with an estimated budget of ₹3,850 crore.
Which of the above statements is/are correct?
1
1 and 3 only
2
2 and 3 only
3
1 and 2 only
4
3 only
5
2 only