Question

Consider the following statements:
1. Pradhan Mantri Fasal Bima Yojana - 'Per Drop More Crop'.
2. Pradhan Mantri Krishi Sinchayi Yojana - Providing insurance cover to crops.
3. Pradhan Mantri Gram Sadak Yojana - All-Weather Road connectivity to unconnected villages.
4. Pradhan Mantri MUDRA Yojana - Aims to provide formal access of financial facilities to non-corporates, small businesses.
Which of the statements given below is/are correct? 

1. 1 and 3 only
2. 1, 2 and 4 only
3. 1, 2 and 3 only
4. 3 and 4 only

Answer 1

Correct Answer - Option 4 : 3 and 4 only

The correct answer is 3 and 4 only.

1. Pradhan Mantri Fasal Bima Yojana - Providing insurance cover to crops. Hence statement 1 is not correct.
2. Pradhan Mantri Krishi Sinchayi Yojana -Per Drop More Crop. Hence statement 2 is not correct.
3. Pradhan Mantri Gram Sadak Yojana - All-Weather Road connectivity to unconnected villages.
4. Pradhan Mantri MUDRA Yojana - Aims to provide formal access of financial facilities to non-corporates, small businesses. Hence the correct answer is 3 and 4 only.

 

• Pradhan Mantri Fasal Bima Yojana
  • Pradhan Mantri Fasal Bima Yojana is the government's flagship scheme for agricultural insurance cover to crops. 
  • Annual Commercial / Annual Horticultural crops, oilseeds, and food crops (Cereals, Millets, and Pulses) are covered under the scheme.
  • The scheme is administered by the Ministry of Agriculture.
  • Complete Insurance coverage provision against crop loss due to unpreventable reasons.
  • The purpose of this is to stabilize the farmer’s income and promote innovative agricultural practices.
  • Improved and increased risk coverage for the insurance of crop cycle for losses that occurred during pre-sowing and post-harvesting.
  • To settle claims for widespread damage, PMFBY uses an Area Approach wherein an Insurance Unit is reduced to a Village or panchayat level for major crops.
  • Along with landslide and hailstorm, even inundation (flooding) has been incorporated as a localized calamity for the assessment at the individual farm level.
  • Assessment at the individual farm level is now provided for post-harvest losses by the PMFBY.
  • This involves losses caused due to unseasonal and cyclonic rains throughout the country that destroyed the crops for drying up to two weeks.
  • An online portal for Crop insurance has been launched to ensure improved administration, better transparency and coordination, and dissemination of information.
  • The insurance sum is directly credited electronically in the farmer’s bank account.
• Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
  • The Indian Government encourages water conservation and its management to be at a high priority.
  • To get this in motion, the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) was introduced with a vision of expanding irrigation coverage (Har Khet ko Pani) and using the water more efficiently (More Crop Per Drop).
  • This scheme will provide an end-to-end solution on source creation, distribution, management, field application, and other extension activities.
  • Other objectives include:
  • Increasing accessibility of irrigation facilities and expansion of cultivable range under guaranteed irrigation areas (Har Khet ko Pani)
  • Enhancing On-Farm water use efficiency to lessen wastage of water
  • Integrating the source, distribution, and efficiency of water through appropriate technologies
  • Enhancing and promoting the implementation of precision- irrigation and other water-saving technologies (More crop per drop)
  • Enhancing refilling of aquifers and present supportable water protection rehearses by investigating the attainability of reusing treated city-based water for peri-urban farming
  • Promoting extension activities for farmers and field workers like:
  • Water Harvesting
  • Water Management
  • Crop alignment
• The Pradhan Mantri Gram Sadak Yojana (PMGSY)
  • The Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in December 2000 to provide unrestricted all-weather road connectivity to unconnected villages of India.
  • It is a centrally sponsored scheme and it is part of the poverty reduction strategies of the government.
  • Eligibility for the Scheme: Rural areas with a population of 500 and above in plain areas; and hill states including NE, desert states, tribal areas and other backward areas with a population of 250 and above.
  • Apart from building new roads, the scheme also has provisions for the upgrade of existing roads in these areas, although the primary focus is to provide connectivity to unconnected habitations.
  • All-weather roads imply roads that can be used throughout the year in all seasons.
  • To provide all-weather roads, the scheme envisages providing for the draining of roads by adequate cross-drainage structures such as culverts, minor bridges and causeways.
  • The scheme does not cover repairs to black-topped or cement roads, even if the surface condition is bad.
  • The share of the central government’s funding is 60% of the cost with the share increasing to 90% for northeastern and hill states. 
  • Currently, the scheme is in its third phase – PMGSY – III.
  • The roads developed under this scheme are maintained by the Panchayati Raj institutions.
  • The nodal ministry for the scheme is the Ministry of Rural Development.
• Pradhan Mantri Mudra Yojana
  • Launched in April 2015 by the Prime Minister, the Mudra Yojana aims to provide formal access to financial facilities to non-corporates, small businesses and to enable Micro Finance Institutions (MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks, RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low Rate Loans to eligible entities.
  • PMMY Eligibility:
  • To avail of the benefits of the PMMY Scheme, the person should be a citizen of India.
  • The loans are basically for people with a business plan in a Non-Farming Sector with Income generating activities like Manufacturing Processing, Trade, Service Sector, or any other fields whose credit demand is less than ₹10 lakhs.
  • The Indian Citizen seeking MUDRA Loans under the PMMY Scheme will have to approach either an MFI, Bank or NBFC to avail it.