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Statement 1 is incorrect; the scheme is fully subsidized. Statements 2 and 3 are correct. • Government will merge Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Group Accident Insurance Scheme (GAIS) for fisherfolk from June 1. • The merger aims to reduce premium burden and ease implementation. • Provides ₹5 lakh comprehensive insurance coverage: ₹3 lakh under GAIS for accidental death or permanent total disability and ₹2 lakh under PMSBY. • Previously, PMSBY offered ₹2 lakh coverage, and GAIS provided ₹5 lakh. • Fully subsidized scheme, with no premium required from fisherfolk, entirely borne by the government. Learn Along: About Pradhan Mantri Suraksha Bima Yojana • Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India. • It was originally mentioned in the 2015 Budget speech by Finance Minister Late Arun Jaitley in February 2015. • It was formally launched by the Prime Minister Narendra Modi on 8 May 2015 in Kolkata. About Group Accident Insurance Scheme • In 2020-21 under PMMSY, Government brought in Group Accident Insurance Scheme (GAIS) as a beneficiary oriented centrally sponsored scheme to offer insurance to fishers including fishermen, fisherwomen, fish workers, fish farmers, and others directly involved in fishing and fisheries-related allied activities within the age group of 18 to 70 years. • GAIS offers insurance coverage of Rs. 5.00 lakh against accidental death or Permanent Total Disability (PTD), Rs. 2.50 lakh against Permanent Partial Disability (PPD), and Rs. 25,000 against accidental hospitalization. • No beneficiary contribution is required as the premium is fully funded by the Central and respective State/UT Governments.
Curcuma longa belongs to the family
Which is the only living component of the xylem tissue?
Pollination in Mango is mainly
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Which method of training is adopted by farmers to get maximum production in grapes ?
Which is an example of a false fruit, formed from parts other than the ovary wall?
Which components make up the xylem in angiosperms?
Mughal garden is an example of which type of garden?
Which of the following plant is woody but non-tree species?
A rose is either a woody perennial flowering plant which has over three hundred species and tens of thousands of cultivars. The flower is popularly kn...
