Under Pradhan Mantri Fasal Bima Yojana, the maximum premium payable by the farmers will be _________ for horticulture crops.

Correct option is C

The correct answer is (c) 5%

• Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), the maximum premium rate that farmers have to pay for horticulture crops is 5% of the sum insured.

• The remaining premium is shared equally by the central and state governments to ensure full coverage without burdening the farmer.

• The scheme aims to provide affordable insurance to farmers against crop loss due to natural calamities, pests, and diseases.

Information Booster:
• Launched: 2016, by the Ministry of Agriculture & Farmers Welfare
• Premium Rates under PMFBY:

• 2% for Kharif crops

• 1.5% for Rabi crops

• 5% for commercial and horticultural crops
  • The scheme replaced the National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS).
  • Coverage includes prevented sowing, standing crops, post-harvest losses, and localized calamities.
  • Technology-driven assessments using remote sensing, smartphones, and GPS.
  • Enrollment is voluntary for all farmers from Kharif 2020 onwards.