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SSC CGL 2024 PYQ — Question 31

SSC CGL - 17 Sep 2024 - Shift 3 • General Awareness • Q31

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Under Pradhan Mantri Fasal Bima Yojana, the maximum premium payable by the farmers will be _________ for all kharif food and oilseed crops.

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Correct answer: B

Explanation

The correct answer is option 2 i.e. 2%.

Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), the maximum premium payable by farmers for all Kharif food and oilseed crops is 2% of the sum insured.

Key Facts:

  • Kharif Crops: 2% premium (e.g., rice, maize, soybean).

  • Rabi Crops: 1.5% premium (e.g., wheat, mustard).

  • Commercial/Horticultural Crops: 5% premium.

  • Balance Premium: Subsidised by the government (shared between the Centre & States).

This scheme aims to reduce farmers' financial burden while ensuring crop loss protection.