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NABARD Schemes 2025 > PMFBY > Flashcards

PMFBY Flashcards

1
Q

When was PM Fasal Bima Yojana Launched

A

2016

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2
Q

Is Fasal Bima yojana a centrally sponsored scheme or central sector scheme?

A

Central Sponsored Scheme

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3
Q

What is the division of centre & state sponsorship of premium in PMFBY (2016)?

A

50:50

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4
Q

What is the cap in subsidy premium in PMFBY?

A

Irrigated : non-irrigated
25 : 30

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5
Q

What is the world’s largest crop insurance program and 3rd largest insurance program in terms of premium?

A

PM FBY (2016)

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6
Q

How, on what basis/approach, is PMFBY (2016) implemented?

A

Area Based Approach
village or panchayat based implementation but states can change as per their requirement

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7
Q

Share of funds to be used for Administrative purposes in PMFBY (2016)?

A

at least 3%

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8
Q

Funds used for ICE of PM FBY (2016)

A

0.5% of funds

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9
Q

Where is Beed model of implementation of PMFBY (2016) followed?

A

Maharashtra

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10
Q

Till date, how many farmers have enrolled and how many have received claims in PM FBY?

A
  • 56.8 crore farmers have enrolled
  • 23.22 crore farmers have received claims
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11
Q

The Scheme PM FBY is 100% voluntary for states and farmers

A

True

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12
Q

What is the theme of PMFBY?

A

Annadata ka Saath, Fasal ki Suraksha

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13
Q

Aim of PMFBY?

A
  1. Financial Support
  2. Stabilise income of farmers
  3. Adopt innovative and modern agri practices
  4. Flow of credit to agri sector
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14
Q

Who are eligible for PMFBY?

A

All farmers including sharecroppers and tenant farmers

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15
Q

Which plants and what losses are covered under FBY?

A

Yield losses due to non-preventable risks
- of Oil seeds
- Food Crops
- Horticulture

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16
Q

Net sown area of crop to be eligible in PMFBY is?

A

25% of gross cropped area of district/state or block
Major crops only (unless otherwise notified by state)

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17
Q

Premium in PMFBY?

A

2% - Kharif
1.5% Rabi
5% Zaid

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18
Q

What does sum insured depend on?

A

Scale of Finance
As by DLTC and SLBC

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19
Q

Claims for losses on prevented sowing in PMFBY?

A

upto 25%

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20
Q

Claims on the event of crop loss in PMFBY has to be notified within?

A

72 hours or 3 days

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21
Q

Claims on post harvest losses in PMFBY should be reported within?

A

14 days or 2 weeks

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22
Q

Is animal attack covered in PMFBY

A

No, but some states have it as an add-on coverage

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23
Q

How can farmers claim their insurance in PMFBY?

A

Through National Crop Insurance Portal - NCIP and Public Finance Management System

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24
Q

Mere Policy Mere Haath is associated with which scheme?

A

PMFBY

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25
An integrated grievance redressal portal and call centre for farmers in PMFBY
Krishi Rakshak Portal and Helpline (KRPH) 14447
26
A **platform** in PMFBY (2016) that targets effective implementation and transform **training & knowledge sharing** for stakeholders
Learning Management System (LMS)
27
Platform that offers various insurance products on health, life, property, agriculture, motor tools and disaster risks in PMFBY (2016)?
**SARTHI** Sandbox for Agricultural & Rural Security Technology & Insurance
28
How many states have joined PM FBY (2016)?
22 states More to join - Gujarat not joined yet
29
For Every Rs. ___ premium by farmers, they received Rs. ___ as claims in PMFBY (2016)
Rs. 100 premium, Rs, 500 as claims
30
What model is followed by PMFBY (2016)?
Subscription based model
31
____ increase in enrolment in March 2024 in PMFBY (2016)
27% increase
32
How long is the contract given to insurance companies implementing FBY (2016)?
3 years
33
How many farmers enrolled in FBY (2016) availed its loan facility?
58% 42% did not avail loan
34
What are the 3 alternate risk models implemented by government to increase coverage?
- Profit and Loss Sharing - Cup & Cap (60-130) - Cup & Cap (80-110)
35
A **Y**ield **E**stimation **S**ystem in FBY?
YES-TECH
36
Tech for **weather** forecasting and **information** to farmers? full form?
**WINDS** Weather Information Network and Data System
37
Tech to take real-time photographs of crops for claims?
**CROPIC** Collection of Real Time Observation & Photographs of Crops
38
Semi-medium, Medium & Large category farmers own how much land?
Semi-Medium: 2-4 ha Medium: 4-10 ha Large: 10 ha+
39
Overall Allocation of PM FBY (2016)
Rs. 69,515.7 crore | from 2021-2026
40
SARTHI portal in PMFBY, was launched in collaboration with?
UNDP and MoAFW
41
An **agri-insurance sandbox framework**, developed in partnership with **UNDP** and was launched under **PMFBY** to provide comprehensive digital insurance coverage, expands coverage beyond crops to health, life, motor, etc. for farmers
SARTHI
42
What penal interest rate must insurance companies pay to farmers for delayed payments beyond stipulated time under PMFBY guidelines?
12% pa
43
The govt recently launched a portal to provide multilingual support, transparent communication and real time resolution of grievances related to crop insurance claims, compensation delays and insurance queries for farmers under PMFBY?
Krishi Rakshak Portal
44
PM FBY has been extended till? Name of fund that has been set up for Rs. 824.77 crore?
2025-26 Fund for Innovation And Technology
45
Which state has adopted 100% yield estimation through YES-TECH system? | PM FBY
MP | Remote sensing to estimate yield
46
WINDS system in PM FBY envisages setting up of ____ in block level and ____ in panchayat level - to provide hyper local weather data
Automatic Weather Stations - block Automatic Rain Gauge - Panchayat
47
PMFBY & RWBCIS differ from each other in?
Methodology for Calculation of admissible claims to farmers
48
Coverage & settlement of claims in PM FBY is made on the basis of?
shortfall in Actual yield to Threshold yield | Actual Yield = CCEs in IUs, Threshold = best 5 yr avg
49
How is the value of actual yield to threshold yield calculated?
Actual Yield = Crop Cutting Experiment (CCE) in defined Insurance Units (IUs) Threshold Yield = (Avg of 5 best yrs out of 7 yrs) X indemnity level of the crop
50
Calculation of admissible claims in RWBCIS?
Deviation from defined weather patterns
51
Food, Oilseed and annual horticulture crops can be notified under? | PM FBY or RWBCIS
PM FBY | only ones with past yield data available
52
Perennial horticulture crops can be covered under which insurance?
RWBCIS | yield data based on authentic statistical methodology not available
53
Krishi Rakshak Portal is a part of which scheme?
PM FBY (2016)
54
Toll-free helpline no. 14447 is for?
Krishi Rakshak Portal
55
PM FBY has been extended till?
2025-26 | Also RWBCIS - Restructured Weather-Based Crop Insurance Scheme
56
NAIS was later replaced by?
PM FBY | Lower premium, Faster claim, Increased farmer participation
57
Who is the implementing agency of NAIS | National Agri Insurance Scheme
AIC | under MoAFW
58
Subsidy to S&M Farmers in NAIS?
50% on premiums
59
Exclusions in NAIS?
war, nuclear risk preventable human actions post-harvest or improper storage
60
Crops covered in NAIS
* Food crops – Cereals, pulses, and millets * Oilseeds – Mustard, groundnut, soybean, etc. * Horticultural crops – Fruits, vegetables, and plantation crops * Commercial crops – Cotton, sugarcane, tobacco, etc
61
AIC was launhed in?
2002 | Commenced Business in 2003
62
Top 2 shareholders of AIC?
GIC - 35% NABARD - 30%
63
# ` In FY24, the no of enrolled farmers reached __ crore, a ___% inc from FY23
4 crore a 26% inc
64
In FBY, the insured area also expanded to ___ L ha in FY24
600 L ha
65
In terms of policies issued PMFBY is the country's ___ largest insurance scheme & ___ largest in terms of total premiums
1st 3rd
66
In how many days claim settlement has to be made as per guidelines of PMFBY after assessment of loss?
15 days
67
Authentication in PM FBY, is done for __% of eligible beneficiaries annually
5%
68
Insurance comapny will disburse claims within ___ days of State govt notif/order, without waiting for receipt of govt
30 days

NABARD Schemes 2025 (18 decks)

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