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With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:
1. It was launched in 2006.
2. The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).
Which of the statements given above is/are correct?
  • a)
    1 only        
  • b)
    2 only        
  • c)
    Both 1 and 2        
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consid...
Crop Insurance Scheme- The Pradhan Mantri Fasal Bima Yojana (PMFBY) successfully completes 5 Years of operations on 13th January 2021.
  • The Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched in 2016 by Prime Minister Narendra Modi.
  • It is an insurance service scheme for farmers for their yields. It aims to reduce the premium burden on farmers and ensure early settlement of crop assurance claims for the full insured sum.
  • It was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS).
  • The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).
  • Empanelled general insurance companies implement the scheme. The Ministry of Agriculture is administering the scheme.
  • The scheme is compulsory for loanee farmers availing Crop Loan /KCC account for notified crops and voluntary for others.
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With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:1. It was launched in 2006.2. The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).Which of the statements given above is/are correct?a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:1. It was launched in 2006.2. The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).Which of the statements given above is/are correct?a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:1. It was launched in 2006.2. The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).Which of the statements given above is/are correct?a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:1. It was launched in 2006.2. The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).Which of the statements given above is/are correct?a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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