Under Pradhan Mantri Fasal Bima Yojana, the maximum premium payable by the farmers will be ______ for rabi crops.
- AOption (a)
4.5%
- BOption (b)
6%
- COption (c)
3%
- DOption (d)
1.5%
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Correct answer
1.5%
Why this answer is correct
The correct answer is 1**.5%**
Key Points
- Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-sponsored crop insurance scheme that integrates multiple stakeholders on a single platform.
- It was launched in 2016 by the Ministry of Agriculture and Farmers Welfare.
- Under this scheme farmers will have to pay a uniform premium of 2% for all Kharif crops and 1.5% for all Rabi crops and 5% in the case of annual commercial and horticultural crops.
- The PMFBY offers insurance cover to farmers against post-harvest losses arising out of cyclones and unseasonal rains. .
- Post-Harvest Losses coverage is available only up to a maximum period of two weeks from harvesting for those crops which are allowed to dry in cut and spread condition in the field after harvesting against specific perils of the cyclone and cyclonic rains and unseasonal rains
Additional Information
| Category | Rabi Crops | Kharif Crops |
|---|---|---|
| Sowing Time | October–December | June–July |
| Harvesting Time | April–June | September–October |
| Climate Preferences | Cooler temperatures (15°C - 20°C) | Hot, humid conditions with substantial rainfall |
| Water Dependency | Less affected by rainfall; irrigation required | Highly dependent on monsoon rains |
| Examples | Wheat, barley, peas, gram, mustard, chickpeas | Paddy, maize, jawar, bajra, tur (arhar), moong, urad, cotton, jute, groundnut, soya bean |