| I. It is a central sector, government sponsored crop insurance scheme, in operation since 1999. |
| II. It provides financial support to the farmers in the failure of any of the crops. |
| III. The AICIL is the implementing agency of this scheme. |
A) I & II
B) Only II
C) Only III
D) All the above
Correct Answer: D
Solution :
National Agricultural Insurance Scheme is a central sector, government sponsored crop insurance scheme, in operation since 1999. This scheme aims at tackling the issue of production risk faced by the agricultural sector. It provides financial support to the farmers in the failure of any of the crops. The AICIL is the implementing agency of this scheme. NAIS has been further modified as MNAIS with the aim of further helping the farm sector.
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