PMFBY

Question 1

Objective of PMFBY ?

Answer 1

Complete Insurance Coverage against crop loss due to unpreventable reasons (ex natural calamity)

Question 2

What approach does PMFBY use ?

Answer 2

AREA APPROACH wherein an insurance unit is reduced to Village or Panchayat level for major crops

Question 3

What is the new provision under this ?

Answer 3

Assessment is now also provided for POST HARVEST losses along with PRE SOWING which was there earlier

Question 4

So what does POST HARVEST losses cover ?

Answer 4

Unseasonal and cyclonic rains which destroy the crops kept for drying up for several weeks

Question 5

What are the recognised calamities for insurance cover ?

Answer 5

Landslides, hailstorm , inundation or flooding (recently added)