Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. II and III
D. All of the above
Answer:D
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. II and III D. All of the above
Explanation: The Pradhan Mantri Fasal Bima Yojana was launched by the central government in January 2016. The scheme aims to provide insurance coverage to farmers for crop failure, stabilise farmers’ income, and encourage farmers to adopt modern agricultural practices, among others. The scheme has been allocated Rs 9,000 crore in the Union Budget 2017-18, compared to Rs 5,501 crore in 2016-17. The scheme covers all farmers, including tenant farmers and sharecroppers, who are growing notified crops in notified areas. It covers crops such as cereals, pulses, oilseeds, vegetables, and spices. As of December 2016, the scheme has covered 367 lakh farmers for a sum of Rs 1,41,625 crore in the Kharif season of 2016, as compared to 309 lakh farmers and a sum of Rs 69,307 crore in the Kharif season of 2015.