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    Which of the following indemnity levels has been provided under the ‘Pradhan Mantri Fasal Bima Yojana’?
    Question

    Which of the following indemnity levels has been provided under the ‘Pradhan Mantri Fasal Bima Yojana’?

    A.

    Four indemnity levels — 50%, 65%, 80% and 90%

    B.

    Five indemnity levels — 50%, 60%, 70%, 80% and 90%

    C.

    Three indemnity levels — 70%, 80% and 90%

    D.

    Two indemnity levels — 50% and 75%

    Correct option is C


    The correct answer is (c) Three indemnity levels — 70%, 80%, and 90%.
    · Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), three indemnity levels have been provided, which are 70%, 80%, and 90% of the sum insured. These indemnity levels refer to the percentage of the crop yield guaranteed under the insurance scheme. If the actual yield falls below these levels due to natural calamities, pests, or diseases, farmers are compensated based on the chosen indemnity level.
    Information Booster:
    · The scheme is aimed at providing financial support to farmers suffering from crop loss or damage.
    · It covers pre-sowing to post-harvest losses and helps stabilize farmers' incomes.

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