PMFBY Flashcards
1
Q
Objective of PMFBY ?
A
Complete Insurance Coverage against crop loss due to unpreventable reasons (ex natural calamity)
2
Q
What approach does PMFBY use ?
A
AREA APPROACH wherein an insurance unit is reduced to Village or Panchayat level for major crops
3
Q
What is the new provision under this ?
A
Assessment is now also provided for POST HARVEST losses along with PRE SOWING which was there earlier
4
Q
So what does POST HARVEST losses cover ?
A
Unseasonal and cyclonic rains which destroy the crops kept for drying up for several weeks
5
Q
What are the recognised calamities for insurance cover ?
A
Landslides, hailstorm , inundation or flooding (recently added)
