Pradhan Mantri Fasal Bima Yojana (PMFBY) entered its 7th year of implementation

Question: Consider the following statements:
(1) Ministry of Agriculture & Farmers Welfare will launch ‘Meri Policy Mere Hath’
(2) Meri Policy Mere Hath’ – a doorstep distribution drive to be launched to deliver crop insurance policies to farmers
(3) Around 85% of the farmers enrolled with the scheme are small and marginal farmers
Which of the above is/are correct?

(a) Only 1
(b) 1 and 2
(c) 2 and 3
(d) 1, 2 and 3
Answer: (d)
Related Facts:

  • Ministry of Agriculture & Farmers Welfare will launch ‘Meri Policy Mere Hath’.
  • ‘Meri Policy Mere Hath’ – a doorstep distribution drive to be launched to deliver crop insurance policies to farmers.
  • Around 85% of the farmers enrolled with the scheme are small and marginal farmers.
  • A flagship scheme of the Government of India, PMFBY aims to provide financial support to farmers suffering crop loss/damage arising out of natural calamities.
  • Over 36 crore farmer applications have been insured under PMFBY, with over INR 1,07,059 crores of claims have already been paid under the scheme as of 4th February, 2022.
  • Launched 6 years ago, the scheme was revamped in 2020 enabling voluntary participation of the farmers.
  • It also made it convenient for the farmer to report crop loss within 72 hours of the occurrence of any event – through Crop Insurance App, CSC Centre or the nearest agriculture officer, with claim benefit transferred electronically into the bank accounts of the eligible farmer.

BY: AMIT GUPTA

Reference: https://pib.gov.in/PressReleasePage.aspx?PRID=1799297