Which of the following statements is/are correct with reference to the Pradhan Mantri Fasal Bima Yajana (PMFBY)?

Answer & Explanation

Option: The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).

Explanation:

The Government of India took a historic step towards strengthening risk coverage of crops for farmers of India on 5 years ago, on 13th January 2016 and approved the flagship crop insurance scheme - the Pradhan Mantri Fasal Bima Yojana (PMFBY). The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) are being conducted under General Crop Estimation Survey (GCES).