Protect Your Produce: PMFBY Quiz Quiz

Assess your understanding of the Pradhan Mantri Fasal Bima Yojana (PMFBY) insurance scheme and its role in Indian agriculture with these medium-difficulty questions. Explore core features, eligibility, premium structure, and claim processes.

1. Scheme Objective

   What is the primary goal of the Pradhan Mantri Fasal Bima Yojana (PMFBY) for farmers in India?

   1. To waive all agricultural loans
   2. To fix minimum support price for all crops
   3. To provide financial support to farmers facing crop loss due to natural calamities
   4. To distribute free seeds to all registered farmers

   Explanation: PMFBY mainly provides financial protection to farmers against crop loss from natural disasters like droughts or floods. Distributing free seeds is not within the scheme's focus, although seed distribution is important for agriculture. Fixing minimum support prices is a separate government policy, and waiving agricultural loans falls under debt relief programs, not PMFBY.

2. Premium Structure

   Under PMFBY, what is the maximum percentage of the sum insured that farmers must pay as premium for food and oilseed crops?

   1. 10%
   2. 15%
   3. 5%
   4. 2%

   Explanation: Farmers pay a maximum of 2% as premium for food and oilseed crops under PMFBY, making the scheme affordable. The correct percentage is much lower than 5%, 10%, or 15%, which would not ensure accessibility for small and marginal farmers.

3. Eligibility Criteria

   Which category of farmers is eligible to enroll in the PMFBY scheme?

   1. Both loanee and non-loanee farmers
   2. Only urban gardeners
   3. Only farmers owning over 10 hectares of land
   4. Only small and marginal farmers

   Explanation: PMFBY is open to both loanee farmers (those who take crop loans) and non-loanee farmers, ensuring broad coverage. It is not limited to small/marginal farmers or large landholders. Urban gardeners are not the target group as the scheme focuses on agricultural crop production.

4. Claim Process

   If a farmer's crop fails due to a notified natural disaster, what step must the farmer take under PMFBY to initiate the claim process?

   1. Sell the land to the government
   2. Inform the insurance company or local agriculture officer within 72 hours
   3. Directly withdraw compensation from the bank
   4. Submit a sample of the damaged crop at the district office in person

   Explanation: Farmers need to notify either the insurance company or agriculture officer within 72 hours to start the claim. Selling land or withdrawing funds directly is not required under the compensation process. Submitting a crop sample in person is unnecessary, as assessment teams conduct on-field verification.

5. Scheme Coverage

   Which of the following is NOT covered under the PMFBY insurance scheme?

   1. Post-harvest loss due to specified perils
   2. Damage from cyclone or hailstorm
   3. Damage caused by market price fluctuations
   4. Crop loss due to floods and droughts

   Explanation: PMFBY covers risks from natural calamities like floods, droughts, cyclones, hailstorms, and some post-harvest losses. Losses from market price changes are outside the scheme's scope; market interventions and price support are addressed by different policies.