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With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:
1. The Scheme extends coverage from pre-sowing to post-harvest for the entire cropping cycle, including coverage for losses arising from prevented sowing and mid-season adversity.
2. This scheme is being implemented by the Finance Ministry.
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 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consid...
To boost the safety of farmers' crops and ensure maximum benefit of crop insurance reaches to farmers, the Government of India has allocated Rs 16000 crores for Pradhan Mantri Fasal Bima Yojana (PMFBY) for the fiscal year 2021-22.
  • This is a budgetary increase of around Rs 305 crore as against the previous fiscal year 2020-21.
  • The Scheme extends coverage for the entire cropping cycle from pre-sowing to post-harvest including coverage for losses arising out of prevented sowing and mid-season adversities.
  • 5 years ago, on 13th January 2016, India's Government approved this flagship crop insurance scheme.
  • Today, PMFBY is globally the largest crop insurance scheme in terms of farmer participation and 3rd largest in terms of premium. Over 5.5 crore farmer applications are received on a year-on-year basis.
  • The Ministry of Agriculture and Farmers Welfare implements this Scheme which was made voluntary for farmers post its revamp in 2020.
  • As of now. out of total farmers enrolled under PMFBY, 84% are small and marginal farmers. Thus, financial assistance is provided to most vulnerable farmers.
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Community Answer
With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consid...
To boost the safety of farmers' crops and ensure maximum benefit of crop insurance reaches to farmers, the Government of India has allocated Rs 16000 crores for Pradhan Mantri Fasal Bima Yojana (PMFBY) for the fiscal year 2021-22.
  • This is a budgetary increase of around Rs 305 crore as against the previous fiscal year 2020-21.
  • The Scheme extends coverage for the entire cropping cycle from pre-sowing to post-harvest including coverage for losses arising out of prevented sowing and mid-season adversities.
  • 5 years ago, on 13th January 2016, India's Government approved this flagship crop insurance scheme.
  • Today, PMFBY is globally the largest crop insurance scheme in terms of farmer participation and 3rd largest in terms of premium. Over 5.5 crore farmer applications are received on a year-on-year basis.
  • The Ministry of Agriculture and Farmers Welfare implements this Scheme which was made voluntary for farmers post its revamp in 2020.
  • As of now. out of total farmers enrolled under PMFBY, 84% are small and marginal farmers. Thus, financial assistance is provided to most vulnerable farmers.
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With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:1. The Scheme extends coverage from pre-sowing to post-harvest for the entire cropping cycle, including coverage for losses arising from prevented sowing and mid-season adversity.2. This scheme is being implemented by the Finance Ministry.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 'A'. Can you explain this answer?
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With reference to the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:1. The Scheme extends coverage from pre-sowing to post-harvest for the entire cropping cycle, including coverage for losses arising from prevented sowing and mid-season adversity.2. This scheme is being implemented by the Finance Ministry.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 'A'. Can you explain this answer? for Current Affairs 2025 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. The Scheme extends coverage from pre-sowing to post-harvest for the entire cropping cycle, including coverage for losses arising from prevented sowing and mid-season adversity.2. This scheme is being implemented by the Finance Ministry.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 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 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. The Scheme extends coverage from pre-sowing to post-harvest for the entire cropping cycle, including coverage for losses arising from prevented sowing and mid-season adversity.2. This scheme is being implemented by the Finance Ministry.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 'A'. Can you explain this answer?.
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