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Which state government has recently decided to re-join the Prime Minister's Fasal Bima Yojana ?
- a)Maharashtra
- b)Karnataka
- c)Odisha
- d)Andhra Pradesh
- e)None of the above/More than one of the above
Correct answer is option 'D'. Can you explain this answer?
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Which state government has recently decided to re-join the Prime Minis...
Andhra Pradesh government has decided to re-join the ambitious Pradhan Mantri Fasal Bima Yojana.
- IMPORTANT FACTS -
- The Andhra Pradesh government has taken this decision after talks between Agriculture and Farmers Welfare Minister Narendra Singh Tomar and Andhra Pradesh Chief Minister YS Jagan Mohan.
- Andhra Pradesh has decided to implement PMFBY from the Kharif-2022 season.
- With this decision, crops of more than 40 lakh farmers of the state will get insurance cover in case of natural calamity.
- Andhra Pradesh had opted out of PMFBY in 2020 citing high premium prices.
- Gujarat, Bihar, West Bengal, Telangana and Jharkhand are still out of the scheme due to low claim ratio and financial constraints.
About 'Pradhan Mantri Fasal Bima Yojana' (PMFBY) -
- The Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched on 13 January 2016.
- The scheme provides a comprehensive insurance cover to the farmers in the event of crop failure, which helps in stabilising the income of the farmers.
- This includes all food and oilseed crops and annual commercial/horticultural crops for which past yield data is available.
- Central and state governments pay more than 95% of the premium amount, while farmers bear 1.5-5% of the premium amount.
- A 2% premium will be paid for Kharif crops (Paddy or Rice, Maize, Jowar, Bajra, Sugarcane etc.).
- For Rabi crops (wheat, barley, gram, lentil, mustard etc.) 1.5% premium will be paid.
- A 5% premium will be paid for annual commercial and horticultural crops insurance.
- This scheme was mandatory for farmers who received institutional finance before the year 2020, but by changing it, it has been made voluntary for all farmers.
- In order to ensure more efficient and effective implementation of the scheme, necessary reforms in PMFBY were made by the Central Government in the Kharif season of the year 2020.
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Which state government has recently decided to re-join the Prime Minis...
Andhra Pradesh
Background:
- Andhra Pradesh had previously opted out of the Prime Minister's Fasal Bima Yojana (PMFBY) in 2020.
Recent Decision:
- The state government of Andhra Pradesh has recently decided to re-join the PMFBY.
- This decision was made to provide financial support and risk coverage to farmers in the state.
Reason for Rejoining:
- The state government recognized the benefits of the scheme in providing insurance coverage against crop loss due to natural calamities.
- By rejoining PMFBY, the government aims to ensure the welfare of farmers and protect their livelihoods.
Benefits of PMFBY:
- PMFBY provides financial support to farmers in case of crop damage or failure.
- It helps in stabilizing farm incomes and provides a sense of security to farmers.
- The scheme also encourages farmers to adopt modern agricultural practices without the fear of financial loss.
Conclusion:
- Andhra Pradesh's decision to re-join the Prime Minister's Fasal Bima Yojana will benefit farmers in the state by providing them with insurance coverage and financial support in times of need.
Background:
- Andhra Pradesh had previously opted out of the Prime Minister's Fasal Bima Yojana (PMFBY) in 2020.
Recent Decision:
- The state government of Andhra Pradesh has recently decided to re-join the PMFBY.
- This decision was made to provide financial support and risk coverage to farmers in the state.
Reason for Rejoining:
- The state government recognized the benefits of the scheme in providing insurance coverage against crop loss due to natural calamities.
- By rejoining PMFBY, the government aims to ensure the welfare of farmers and protect their livelihoods.
Benefits of PMFBY:
- PMFBY provides financial support to farmers in case of crop damage or failure.
- It helps in stabilizing farm incomes and provides a sense of security to farmers.
- The scheme also encourages farmers to adopt modern agricultural practices without the fear of financial loss.
Conclusion:
- Andhra Pradesh's decision to re-join the Prime Minister's Fasal Bima Yojana will benefit farmers in the state by providing them with insurance coverage and financial support in times of need.
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Which state government has recently decided to re-join the Prime Ministers Fasal Bima Yojana ?a)Maharashtrab)Karnatakac)Odishad)Andhra Pradeshe)None of the above/More than one of the aboveCorrect answer is option 'D'. Can you explain this answer?
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