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Q37 (CDS-I/2026) Economy › Agriculture & Rural Economy

Consider the following statements with respect to Pradhan Mantri Fasal Bima Yojana (PMFBY) : 1. PMFBY provides risk insurance to farmers against crop damage due to non-preventable natural risks. 2. PMFBY provides risk coverage of ₹ 2 lakh in case of death of the insured. 3. PMFBY ensures flow of credit to the agriculture sector. 4. PMFBY provides risk coverage of ₹ 2 lakh for complete disability of the insured. Which of the statements given above is/are correct ?

Result
Your answer: —  Â·  Correct: C

Explanation

The Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, is a comprehensive crop insurance scheme. Its primary objectives include:

  • Statement 1 is correct: It provides financial support and insurance coverage to farmers against the failure of notified crops due to non-preventable natural risks such as drought, floods, landslides, pests, and diseases.
  • Statement 3 is correct: By stabilizing the income of farmers and protecting them from the financial shock of crop loss, the scheme helps ensure the flow of credit to the agriculture sector, as farmers remain creditworthy for future seasons.
  • Statements 2 and 4 are incorrect: The provision of ₹2 lakh coverage for death or permanent disability is a feature of the Pradhan Mantri Suraksha Bima Yojana (PMSBY), an accidental insurance scheme, and is not part of the PMFBY crop insurance framework.
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SIMILAR QUESTIONS

IAS · 2016 · Q21 Relevance score: 5.49

With reference to 'Pradhan Mantri Fasal Bima Yojana', consider the following statements : 1. Under this scheme, farmers will have to pay a uniform premium of two percent for any crop they cultivate in any season of the year. 2. This scheme covers post-harvest losses arising out of cyclones and unseasonal rains. Which of the statements given above is/are correct?

IAS · 2024 · Q100 Relevance score: 4.37

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements : 1. The entry age group for enrolment in the scheme is 21 to 40 years. 2. Age specific contribution shall be made by the beneficiary. 3. Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years. 4. Family pension is applicable to the spouse and unmarried daughters. Which of the statements given above is/are correct ?

CDS-II · 2025 · Q108 Relevance score: 4.24

Which of the following statements is/are correct ? 1. The Government of India has discontinued the Pradhan Mantri Fasal Bima Yojana. 2. The Government of India has approved the continuation of Restructured Weather Based Crop Insurance Scheme. Select the answer using the code given below :

IAS · 2018 · Q78 Relevance score: 4.12

With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements : 1. It is the flagship scheme of the Ministry of Labour and Employment. 2. It, among other things, will also impart training in soft skills, entrepreneurship, financial and digital literacy. 3. It aims to align the competencies of the unregulated workforce of the country to the National Skill Qualification Framework. Which of the statements given above is/are correct ?

NDA-II · 2020 · Q2 Relevance score: 4.05

Which of the following statements with regard to Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) is/are correct? 1. PMKSY was launched during 2015-1 6. 2. The basic aim of PMSKSY is to enhance physical access to water on the farm. 3. One of the main objectives of PMKSY is to achieve convergence of investments in irrigation at the field level. Select the correct answer using the code given below: