All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
BPSC (Bihar) Exam  >  BPSC (Bihar) Questions  >  Which state government has recently decided t... Start Learning for Free
SaveJoin the Discussion on the App
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?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
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.
Free Test
FREE
Start Free Test
Start Free Test
Community Answer
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.
< Previous Question Next Question >
Explore Courses for BPSC (Bihar) exam

Top Courses for BPSC (Bihar)View all

Top Courses for BPSC (Bihar)

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?
Question Description
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? for BPSC (Bihar) 2024 is part of BPSC (Bihar) preparation. The Question and answers have been prepared according to the BPSC (Bihar) exam syllabus. Information about 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? covers all topics & solutions for BPSC (Bihar) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for BPSC (Bihar). Download more important topics, notes, lectures and mock test series for BPSC (Bihar) Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? tests, examples and also practice BPSC (Bihar) tests.
Explore Courses for BPSC (Bihar) exam

Top Courses for BPSC (Bihar)

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup