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The Pradhan Mantri ______ Bima Yojna was launched to benefit the farmers.
1. Floods
2. Farmer
3. Fasal
4. Food Crop

1 Answer

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Correct Answer - Option 3 : Fasal

The correct answer is Fasal.

  • Floods, thunderstorms, hail, and heavy rains spoil farmers’ crops.

  • To give them relief from such a crisis, the Central Government launched the Pradhan Mantri Crop Insurance Scheme (PMFBY) which started on 13 January 2016.
  • In the PMFBY, the insurance premium has been kept very low in case of crop damage due to natural calamities.
  • This has helped to reach every farmer to PMFBY.
  • Under this, farmers have to pay a 2% premium for Kharif crop and 1.5% premium for Rabi crop.
  • The PMFBY scheme also provides insurance cover for commercial and horticultural crops, however farmers have to pay a 5% premium.
  • The Agricultural Insurance Company of India runs this scheme.

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