RAS question
Crop insurance PMFBY claim:
Correct answer: (A) ₹2,777 crore.
In Rajasthan, ₹2,777 crore in Pradhan Mantri Fasal Bima Yojana claims was distributed among eligible farmers in 2024-25.
Explanation
The Rajasthan Economic Review 2024-25 confirms the PMFBY claim figure as ₹2,777 crore distributed among eligible farmers in 2024-25. The figure sits under crop insurance, where the Review explains that Pradhan Mantri Fasal Bima Yojana has been implemented since Kharif 2016 to protect farmers against crop losses and crop failures caused by unforeseen events. It also notes the scheme’s crop coverage, including food grains, oilseeds and commercial or horticultural crops, along with specified farmer premium rates for Kharif, Rabi and commercial/horticultural crops. The key exam point is therefore not a general estimate of farm support, but the officially reported PMFBY claim amount paid to eligible farmers for 2024-25.
Why the other options are wrong
- (B) ₹1,500 crore understates the official Economic Review figure, which reports ₹2,777 crore distributed as PMFBY claims among eligible farmers in 2024-25.
- (C) ₹4,000 crore overstates the reported PMFBY claim amount; the cited Review gives the specific distributed claim figure as ₹2,777 crore.
- (D) ₹500 crore is far below the official claim distribution figure, and it does not match the Review’s stated ₹2,777 crore for eligible farmers.
Concept
This tests Economy of Rajasthan through agriculture, farmer welfare and scheme implementation data. It recurs in RAS because official Economic Review figures often turn welfare schemes into direct factual questions.