|Consider the following regarding Varsha Bima Yojana:|
|1. It was introduced on an experimental basis from Kharif 2004-05.|
|2. It was replaced by WBCIS in 2007. Which of these statements is/are correct?|
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :[c] In 2015-16, the Weather-based Crop Insurance Scheme (WBCIS) is being implemented as component of National Crop Insurance Programme (NCIP). This scheme provides insurance coverage and financial support to the farmers in the event of failure of crops due to Adverse Weather Incidence and subsequent crop loss. This simply implies that if a farmer did not insure his crop under MNAIS but somehow his crops were damaged due to adverse weather conditions; he is still able to claim insurance if he goes with this component.
You need to login to perform this action.
You will be redirected in 3 sec