UPSC CSE Prelims
Question 64
With reference to 'Pradhan Mantri Fasal Bima Yojana', consider the following statements :
- Under this scheme, farmers will have to pay a uniform premium of two percent for any crop they cultivate in any season of the year.
- This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.
Which of the statements given above is/are correct?
View correct answer and explanation
Correct answer: B
Correct Option: B
Explanation: PM Fasal Bima Yojana fixed distinct farmer premium rates by season/crop type and covered certain post-harvest losses due to specified risks including cyclone and unseasonal rainfall.
Statement/Pair-wise Analysis:
Statement/Item 1: Incorrect - The cap was 2% for Kharif food/oilseed crops, 1.5% for Rabi food/oilseed crops and 5% for commercial/horticultural crops-not a universal 2%.
Statement/Item 2: Correct - Specified post-harvest losses from cyclone and unseasonal rain were covered for eligible harvested crops.
Option-wise Analysis:
A: Incorrect - includes incorrect statement/item 1; omits correct statement/item 2.
B: Correct - includes all and only the true statements/items.
C: Incorrect - includes incorrect statement/item 1.
D: Incorrect - omits correct statement/item 2.