Q.358 Which among the following is/are modified Operational Guidelines for Pradhan Mantri Fasal Bima Yojana ?

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FRAMED FROM THE HINDU -SEPTEMBER 2018 

Q.358 Which among the following is/are modified Operational Guidelines for Pradhan Mantri Fasal Bima Yojana ?

1. Only Perennial horticulture crops are included on pilot basis under the ambit of PMFBY

2. Farmers will be paid 11 % interest by insurance companies

Which of the statements given above is/are correct ?

A) Only  1

B) Only 2

C) Both are correct

D) Both are incorrect

Ans. D

-Farmers will be paid 12 % interest by insurance companies

-State Governments  will have to pay 12 % interest for delay in release of state share of subsidy

-It includes Perennial horticulture crops on pilot basis under the ambit of PMFBY

-It provides add on coverage for crop loss

-Release of upfront premium subsidy