Current Affairs · Government Schemes
Consider the following statements regarding the modifications made under the Pradhan Mantri Fasal Bima Yojana (PMFBY): Statement I: Under the revised framework of PMFBY, crop losses due to attacks by wild animals and inundation of paddy will now be recognised and compensated under the localised risk category. Statement II: States are required to notify wild animal damage based on guidelines, and localized risk claims require timely reporting and survey, though a blanket 72-hour automated settlement for all cases without survey is not the absolute rule. Statement III: The technological and rule-based revamp of PMFBY from the Kharif 2024 season actually explicitly includes options for features like wild animal damage rather than removing it. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement I nor Statement II is correct.
- 2Only one of the Statements II and III is correct, and that explains Statement I.✓
- 3Both Statement I and Statement II are correct
- 4Both Statement II and Statement III are correct
Correct answer
Only one of the Statements II and III is correct, and that explains Statement I.
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