BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The crop insurance scheme is being implemented at which among the following levels under the National Agricultural Insurance Scheme (NAIS)?

A	Village
B	Panchayat
C	District
D	State

Explanation:

Detailed explanation-1: -Agriculture Insurance Company of India (AIC)Ltd. is the implementing Agency of the National Agricultural Insurance Scheme.

Detailed explanation-2: -National Agricultural Insurance Scheme (NAIS): To enlarge the coverage in terms of farmers (loanee and non-loanee both), more crops and more risks, ‘National Agricultural Insurance Scheme (NAIS) – (Rashtriya Krishi Bima Yojana)’ was introduced in Rabi 1999-2000 season in the country.

Detailed explanation-3: -PMFBY is a replacement scheme of NAIS / MNAIS, there will be exemption from Service Tax liability of all the services involved in the implementation of the scheme. It is estimated that the new scheme will ensure about 75-80 per cent of subsidy for the farmers in insurance premium.

There is 1 question to complete.