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    Question

    Which of the following statement is incorrect about

    PMFBY?
    A It aims at providing financial support to farmers suffering crop loss/damage arising out of unforeseen events. Correct Answer Incorrect Answer
    B The scheme is implemented by the Ministry of Agriculture and Farmers Welfare (MoA&FW). Correct Answer Incorrect Answer
    C Maximum insurance charges payable by farmer is 1.5% of SI or Actuarial rate, whichever is less for Rabi season crops. Correct Answer Incorrect Answer
    D The scheme is mandatory for all the farmers. Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    The scheme is mandatory only for farmers in the notified area who possess a Crop Loan  account/KCC account to whom credit limit is sanctioned/renewed for the notified crop during the crop season.

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