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NABARD Schemes 2024 > 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

19
Q

Claims for losses on prevented sowing in PMFBY?

A

upto 25%

20
Q

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

A

72 hours or 3 days

21
Q

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

A

14 days or 2 weeks

22
Q

Is animal attack covered in PMFBY

A

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

23
Q

How can farmers claim their insurance in PMFBY?

A

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

24
Q

Mere Policy Mere Haath is associated with which scheme?

A

PMFBY

25
Q

An integrated grievance redressal portal and call centre for farmers in PMFBY

A

Krishi Rakshak Portal and Helpline (KRPH)

26
Q

A platform in PMFBY (2016) that targets effective implementation and transform training & knowledge sharing for stakeholders

A

Learning Management System (LMS)

27
Q

Platform that offers various insurance products on health, life, property, agriculture, motor tools and disaster risks in PMFBY (2016)?

A

SARTHI
Sandbox for Agricultural & Rural Security Technology & Insurance

28
Q

How many states have joined PM FBY (2016)?

A

22 states
More to join - Gujarat not joined yet

29
Q

For Every Rs. ___ premium by farmers, they received Rs. ___ as claims in PMFBY (2016)

A

Rs. 100 premium, Rs, 500 as claims

30
Q

What model is followed by PMFBY (2016)?

A

Subscription based model

31
Q

____ increase in enrolment in March 2024 in PMFBY (2016)

A

27% increase

32
Q

How long is the contract given to insurance companies implementing FBY (2016)?

A

3 years

33
Q

How many farmers enrolled in FBY (2016) availed its loan facility?

A

58%
42% did not avail loan

34
Q

What are the 3 alternate risk models implemented by government to increase coverage?

A
  • Profit and Loss Sharing
  • Cup & Cap (60-130)
  • Cup & Cap (80-110)
35
Q

A Yield Estimation System in FBY?

A

YES-TECH

36
Q

Tech for weather forecasting and information to farmers?

A

WINDS
Weather Information Network and Data System

37
Q

Tech to take real-time photographs of crops for claims?

A

CROPIC
Collection of Real Time Observation & Photographs of Crops

38
Q

Semi-medium, Medium & Large category farmers own how much land?

A

Semi-Medium: 2-4 ha
Medium: 4-10 ha
Large: 10 ha+

39
Q

Allocation of PM FBY (2016)

A

Rs. 14,600

40
Q

SARTHI portal in PMFBY, was launched in collaboration with?

A

UNDP and MoAFW

41
Q

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

A

SARTHI

42
Q

What penal interest rate must insurance companies pay to farmers for delayed payments beyond stipulated time under PMFBY guidelines?

A

12% pa

43
Q

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?

A

Krishi Rakshak Portal

NABARD Schemes 2024 (17 decks)

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