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Find out the correct Statement:

  • Statement I: Under PMFBY (Pradhan Mantri Fasal Beema Yojana) scheme, insurance Coverage and financial support is available to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.

  • Statement II : Under PMFBY Scheme, if the insured farmers incur any loss in respect of the insured crop due to adverse weather conditions, such farmers are eligible for claims up to a maximum of 25% of the expenses incurred for cultivation.

ABoth statements are true

BStatement - I is true, Statement - ll is false

CBoth statements are false

DStatement - ll is true, statement - I is false

Answer:

B. Statement - I is true, Statement - ll is false

Read Explanation:

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Identify the accurate statements regarding the KCS Act, 1969

  1. Encompasses legal provisions for Co-operative societies in Kerala
  2. Provides the legal framework for Co-operative societies in Travancore.
  3. Defines the specific characteristics and regulations of Co-operative societies in Kerala.
  4. Based on the Act the first primary society called the Edavanakkal Service Co-operative Society.