What is the premium rate payable by farmers for winter Rabi foodgrain crops under PMFBY?

Question

What is the premium rate payable by farmers for winter Rabi foodgrain crops under PMFBY? (प्रधानमंत्री फसल बीमा योजना के तहत रबी (सर्दियों की) फसलों के लिए किसान द्वारा देय प्रीमियम दर कितनी है?)

Think Extraordinary · Accepted Answer

Correct Answer: Option A. 1.5% of the sum insured. Explanation: For winter Rabi crops (Wheat, Mustard, Gram, Barley), the farmer's premium share under PMFBY is fixed at just 1.5% of the sum insured.

Answer

Option B: 2.0% of sum insured

Answer

Option C: 5.0% of sum insured

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Option D: 0.5% of sum insured

Agricultural Economics and Extension Education

What is the premium rate payable by farmers for winter Rabi foodgrain crops under PMFBY?