Which government scheme aims to provide insurance coverage for crop losses due to natural calamities and pests?
Show answer & explanation
Correct answer: C
Explanation
Correct Answer
Pradhan Mantri Fasal Bima Yojana (PMFBY)
Explanation
Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship crop insurance scheme of the Government of India aimed at providing financial protection to farmers against crop losses caused by natural calamities, pests, and diseases. The scheme helps farmers reduce the financial burden arising from crop damage and encourages them to continue agricultural activities.
Launched in 2016, PMFBY provides comprehensive risk coverage from pre-sowing to post-harvest stages and supports farmers in maintaining income stability.
Key Points
• PMFBY provides insurance coverage against crop losses due to natural calamities, pests, and diseases.
• The scheme was launched by the Government of India in 2016.
• It offers financial assistance to farmers affected by crop damage.
• The scheme covers risks from pre-sowing to post-harvest stages.
Additional Facts
• PMFBY replaced earlier crop insurance schemes such as the National Agricultural Insurance Scheme (NAIS).
• Farmers pay a low premium rate, while the remaining premium is subsidized by the government.
• The scheme aims to promote sustainable agriculture and protect farmers' incomes.
Important Questions
Question: Which government scheme provides insurance coverage for crop losses due to natural calamities and pests?
Answer: Pradhan Mantri Fasal Bima Yojana (PMFBY).
Question: In which year was PMFBY launched?
Answer: 2016.