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1 mark

What is the Pradhan Mantri Fasal Bima Yojana (PMFBY)?

  1. A
    It regulates agricultural markets and ensures fair prices for farmers' produce.
  2. B
    Supports sustainable production in the agriculture sector.
  3. C
    Supports and promotes organic farming practices and provides subsidies to farmers for the adoption of sustainable agricultural methods.
  4. D
    PMFBY improves rural infrastructure and provides employment opportunities to youth in agricultural communities.

Solution & Step-by-step Explanation

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is an yield-based crop insurance scheme that aims to support sustainable production in the agriculture sector by providing financial support to farmers suffering crop loss/damage arising out of unforeseen events.

Practice this question

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What is the Pradhan Mantri Fasal Bima Yojana (PMFBY)?
A
It regulates agricultural markets and ensures fair prices for farmers' produce.
B
Supports sustainable production in the agriculture sector.
C
Supports and promotes organic farming practices and provides subsidies to farmers for the adoption of sustainable agricultural methods.
D
PMFBY improves rural infrastructure and provides employment opportunities to youth in agricultural communities.

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PMFBYGovernment SchemesAgriculture

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