Consider the following statements with respect to Pradhan Mantri Fasal Bima Yojana (PMFBY):<br>1. PMFBY provides risk insurance to farmers against crop damage due to non-preventable natural risks.<br>2. PMFBY provides risk coverage of 2 lakh in case of death of the insured.<br>3. PMFBY ensures flow of credit to the agriculture sector.<br>4. PMFBY provides risk coverage of 2 lakh for complete disability of the insured.<br>Which of the statements given above is/are <strong>CORRECT</strong>?
- A. 1 only
- B. 2 and 3
- C. 1 and 3 ✓
- D. 1 and 4
Correct Answer: C. 1 and 3
Explanation
PMFBY focuses on providing comprehensive crop insurance against non-preventable natural risks (Statement 1) and stabilizing credit flow to the farm sector (Statement 3). The 2 lakh death and disability cover pertains to the Pradhan Mantri Suraksha Bima Yojana (PMSBY), not PMFBY.
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