As per the Pradhan Mantri Fasal Bima Yojana, how much premium (in percentage) should be paid by the farmers for the Kharif & Rabi crops respectively?

1.5% and 2%

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2% and 1.5%

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2% and 5%

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5% and 2%

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1.5% and 5%

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Solution

The correct option is B
2% and 1.5%

As per the Pradhan Mantri Fasal Bima Yojana, a uniform premium of 2 percent and 1.5 percent is to be paid by farmers for Kharif and Rabi crops respectively.

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Similar questions

Q64. Consider the following statement about Pradhan Mantri Fasal Bima Yojana (PMFBY)

1. Uniform maximum premium for kharif crops paid by farmers is 2 percent

2. Uniform maximum premium for Rabi crops paid by farmers is 3 percent

3. In case of annual commercial and horticultural crops this rate will be 5 per cent.

Which of the above statement(s) is/are correct?

Q13) Consider the following statements about Pradhan Mantri Fasal Bima Yojana)

1. There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops.

2.In case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.

3.Post-Harvest losses are also included)

Which of the above statements is/are correct?

Q. With reference to Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements:

Select the correct answer using the code given below:

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