PMFBY

Question 1

What are 2 ways PM Fasal Bhima Yojana supports agricultural production ?

Answer 1

1. Providing financial support in case of failure

2. Stabilize income

Question 2

What are 2 more ways it supports farmers ?

Answer 2

3. Adopt Innovative and Modern practices

4. Ensure credit flow to agriculture

Question 3

Why has it not been able to assess crop loss well ?

Answer 3

Lack of trained outsourced agencies,
Corruption
Lack of technologies

Question 4

Why has payment been inadequate ?

Answer 4

Insurance companies haven’t investigated losses due to local calamities

Question 5

Does this scheme cover sharecropper and tenant farmers ?

Answer 5

No

Question 6

What is the penalty insurance companies have to pay to the farmer after 2 months delay ?

Answer 6

12%

Question 7

What is the penalty State Governments have to pay to the farmer after 3 months delay ?

Answer 7

12%

Question 8

What are some new situations that are now covered by the scheme ?

Answer 8

1. Wild Animal Attacks

2. Localised Perils

Question 9

What are some localised perils ?

Answer 9

Cyclone, unseasonal rain, fire

Question 10

Are perennial horticultural crops included ?

Answer 10

Yes, on pilot basis

Question 11

What changes have been made to the budget ?

Answer 11

Seperate budget for administrative expenses

Question 12

What is target % of new non loanee farmers that insurance companies are given ?

Answer 12

10%

Question 13

How will smartphones be used ?

Answer 13

1. Capture and upload data of crop cutting to reduce the delays in claim payments
2. Remote sensing to reduce the number of crop cutting experiments.

Question 14

Who are some of the bodies working on increasing awareness of PMFBY scheme ?

Answer 14

1. Governments
2. Ministry of Agriculture and Farmer’s Welfare
3. Ministry of Panchayati Raj
4. Garm Sabhas
5. Insurance companies