Consider the following statements about the Pradhan Mantri Fasal Bima Yojana:
1. Under the scheme, the premiums for Rabi crops are more than the premiums for Kharif crops.
2. Only landowning farmers are covered under the scheme.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Season | Cops | Maximum Premium payable by farmer (% of Sum Insured) |
Kharif | All food grain and Oilseeds crops (all Cereals, Millets, Pulses and oilseeds | 2.0% of SI or Actuarial rate, whichever is less |
Rabi | All food grain and Oilseeds crops (all cereals, Millets, Pulses and oilseeds) | 1.5% of SI or Actuarial rate, whichever is less |
Kharif and Rabi | Annual Commerical/Annual Horticultural crops | 5% of SI or Actuarial rate, whichever is less |
Perennial horticultural crops (pilot basis) | 5% of SI or Actuarial rate, whichever is less |
All farmers, including share-croppers and tenant farmers growing the notified crops in the notified areas, are eligible for coverage. However, farmers should have insurable interest for the notified/insured crops.
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