2026 · Q37
Consider the following statements with respect to Pradhan Mantri Fasal Bima Yojana (PMFBY) :
- 1PMFBY provides risk insurance to farmers against crop damage due to non-preventable natural risks.
- 2PMFBY provides risk coverage of ₹2 lakh in case of death of the insured.
- 3PMFBY ensures flow of credit to the agriculture sector.
- 4PMFBY provides risk coverage of ₹2 lakh for complete disability of the insured.
Which of the statements given above is/are correct ?
General KnowledgeIndian Economy
- A1 only
- B2 and 3
- C1 and 3
- D1 and 4
Explanation
PMFBY provides crop insurance to farmers against non-preventable natural risks such as drought, flood, and pests (statement 1 true). By compensating crop losses, it keeps farmers creditworthy and sustains the flow of agricultural credit (statement 3 true). The Rs. 2 lakh death and disability covers belong to the PM Jeevan Jyoti Bima and PM Suraksha Bima schemes, not to PMFBY, so statements 2 and 4 are false. Hence statements 1 and 3 are correct.