The Government of Telangana plans to re-implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme starting from Kharif 2024, which had been discontinued in previous years. The scheme includes the following key features:
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Universal Coverage: All farmers growing notified crops in notified areas will be covered.
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Free to Farmers: The farmers’ share of the premium will be borne by the state government.
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Technology-Driven: Extensive use of technology will be made during enrollment, yield estimation, crop damage assessment, and claim settlement.
Under PMFBY, claim calculations are based on actual yield, and the crops to be notified are selected based on the area sown over the past three years and availability of yield data for the past seven years.
Villages with a significant crop covering over 25% of their gross cropped area are notified under a Village Insurance Unit (VIS). To qualify as a single VIS unit, a village must have at least 250 acres (100 hectares) of a selected crop. If not, contiguous villages will form a group unit.
Mandal Insurance Units (MIS) are designated for crops covering at least 2500 acres or 1000 hectares in a district.
For the Restructured Weather Based Crop Insurance Scheme (RWBCIS), claim calculations are based on weather parameters, covering crops harvested in multiple pickings such as cotton, chilli, sweet orange, and tomato, as approved by the authorities.
Q.Which of the following statements is/are true in relation to the agriculture sector in India? (GROUP II 2024)
A. For 2022–23, the Central Government fixed the agricultural sector credit target at around ₹18·5 lakh crore.
B. Central Government launched income support scheme for farmers through Pradhan Mantri Kisan Samman Nidhi in 2021.
C. Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched by the Central Government to address the problems of high premium rates of insurance for agricultural workers.
D. In 2023–24 Union Budget, around ₹2 lakh crore was allocated to the agriculture sector.
Choose the correct answer:
(1) A and B only
(2) A only
(3) B and D only
(4) C and D only
Answer: 2