GS PrelimsAgricultureGovernment Policies and Schemes for Agriculture2016 With reference to 'Pradhan Mantri Fasal Bima Yojana', consider the following statements:
1. 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.
2. This scheme covers post-harvest losses arising out of cyclones and unseasonal rains.
Which of the statements given above is/are correct?
Correct Answer: Option B
Explanation
1. Statement 1 is incorrect. Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), the premium rates to be paid by farmers are not uniform at two percent for all crops and seasons. The rates are fixed at 2% for all Kharif food & oilseed crops, 1.5% for all Rabi food & oilseed crops, and 5% for annual commercial/horticultural crops.
2. Statement 2 is correct. The PMFBY scheme provides coverage for risks at different stages of the crop cycle, including post-harvest losses. This coverage is available up to a maximum period of two weeks (14 days) from harvesting for those crops which are required to be kept in cut and spread condition to dry in the field, against specific perils like cyclones, cyclonic rains, and unseasonal rains.
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