Concerning the Pradhan Mantri Fasal Bima Yojana (PMFBY), which of the following statements is/are true?
1. It was launched in 2016 to provide comprehensive crop insurance to farmers.
2. It covers pre-sowing to post-harvest losses.
3. It requires farmers to pay high premium rates for insurance coverage.
1
Only 1
2
Only 2
3
1 and 2
4
1 and 3
5
1, 2 and 3