Consider the following statements regarding the Pradhan Mantri Fasal Bima Yojana (PMFBY) as implemented across India:
- The premium share for farmers under PMFBY is capped at 2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial and horticultural crops, with some states waiving the farmer’s share altogether.
- The total claims reported under the scheme amounted to Rs.1,67,475 crore, with 98% of these claims already paid out to the farmers.
- Delays in claim settlement were primarily due to administrative issues such as yield disputes between insurance companies and States, delayed release of State share in premium subsidy, and non-receipt of farmer account details.
Which of the following statements are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2, and 3
5
None of the above