GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Life of the farmer
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Land of the farmer
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Crop of the farmer
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Animals who are used in agricultural activities
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Detailed explanation-1: -It envisages coverage of all the food crops (cereals, millets and pulses), oilseeds and annual commercial/horticultural crops, in respect of which past yield data is available for adequate number of years.
Detailed explanation-2: -Features and Benefits of Crop Insurance: The fact that the insurance will provide financial support in the unfortunate event of crop failure. It will thus be a critical instrument in the development of crop production. Encourage farmers to adopt progressive farming practices and higher technology in Agriculture.
Detailed explanation-3: -National Agricultural Insurance Scheme (NAIS) was introduced by the Government of India to provide insurance coverage and financial subsidy to the farmers in the event of crop losses suffered on account of natural calamities, pests and diseases.