PM Fasal Bhima Yojana

Question 1

PM Fasal Bhima Yojana was launched in

Answer 1

2016

Question 2

PM Fasal Bhima Yojana replaces

Answer 2

National Agricultural Insurance Scheme (NAIS) and modified NAIS

Question 3

Objective of PMFBY

Answer 3

to provide financial support to farmers suffering crop loss or damage arising out of unforeseen events.

1. Stabilise Income and ensure continuance of farming
2. Encouraging farmers to adopt innovative and modern practices
3. Ensure credit flow into agricultural sector

Question 4

Which crops are covered by PMFBY?

Answer 4

Covered crops are notified by State government for Rabi and Kharif seasons

Question 5

What are the premium payable by farmer?

Answer 5

Rabi crops - 1.5%
Kharif crops - 2%
Commercial and Horticultural crops - 5%

Question 6

How is PMFBY funded?

Answer 6

The balance amount after the farmer’s premium will be equally shared between the Union and State governments.

Question 7

What is ‘Area Based Approach’ under PMFBY?

Answer 7

All farmers in a particular notified area will have to pay the same premium and will have same claim payments

Question 8

Cases covered by PMFBY

Answer 8

PMFBY covers:

1. Yield losses due to non preventable risks (Flood, cyclone, tsunami etc. )
2. Farmers unable to sow due to adverse weather condition
3. Post harvest losses
4. Localised calamities

Question 9

What is Crop Cutting Exercise (CCE) associated with PMFBY?

Answer 9

CCE helps to analyse and estimate overall yield of an area

Question 10

Rabi crops sowing season

Answer 10

During Winter from October to December

Question 11

When are Rabi crops harvested

Answer 11

In summer from April to June

Question 12

When are Kharif crops sown

Answer 12

With the onset of South West monsoon

Question 13

When are Kharif crops harvested

Answer 13

During September to October

Question 14

Name few Rabi crops

Answer 14

Wheat, mustard, barley

Question 15

Name few Kharif crops

Answer 15

Paddy, Cotton, maize, jute etc.