A) 1.5 percent
B) 2.7 percent
C) 2.3 percent
D) 2 percent
E) 2.5 percent
Correct Answer: D
Solution :
Prime Minister Narendra Modi, in February 2016, launched the guidelines for operationalization of the Pradhan Mantri Pasal Bima Yojana (PMFBY). The guidelines were issued at a farmers' convention in Sherpur village of Madhya Pradesh.PMFBY will come into force from the 2016 Kharif season (from June to October in India). |
It aims at boosting the agricultural sector of India and envisages a uniform premium of only 2 percent to be paid by farmers for Kharif crops, and 1.5 percent for Rabi crops. |
The premium for annual commercial and horticultural crops will be 5 percent. |
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