Under PM-MKSSY, what share of the aquaculture insurance premium is given to an eligible farmer as a one-time incentive?
- A.25%
- B.40%
- C.50%
- D.75%
Correct answer
Explanation
The correct answer is 40%. Component 1-B of PM-MKSSY meets the cost barrier by paying an eligible aquaculture farmer a one-time incentive of up to 40% of the insurance premium for one crop cycle, transferred directly to the bank account through the National Fisheries Digital Platform. For pond based aquaculture the payment is limited to Rs 25,000 per hectare of water spread area with a ceiling of Rs 1,00,000 for up to four hectares, and for advanced systems such as cage culture, recirculatory aquaculture systems, biofloc and raceways the same share applies with a unit size limit of 1,800 cubic metres. The options of 25%, 50% and 75% are wrong because no such share is provided under the scheme; the only additional relief is an extra 10% of the payable incentive for Scheduled Caste, Scheduled Tribe and women beneficiaries. Remember the 40% figure along with the two ceilings, since questions often mix the share with the money limits.
Read the full article: PM-MKSSY Bears 40% of Aquaculture Insurance Premium Cost
Practice Questions
Within how many days must an aquaculture insurance claim for shrimp culture be settled under PM-MKSSY?
- A.15 days
- B.30 days
- C.45 days
- D.60 days
Show answer
The claim process begins when the insured farmer informs the insurance company of the peril and submits the documents the policy requires; the insurer then appoints a loss assessor, the damage is evaluated and payment is made on that report, with status updates shown on the insurer portal.
Read the full explanation →India recorded a fish production of 19.8 million tonnes in 2024-25. What is its rank in world fish production?
- A.First
- B.Second
- C.Third
- D.Fourth
Show answer
India is the second largest fish producing nation in the world with a share of about 8%, and its annual production touched a record 19.8 million tonnes in 2024-25.
Read the full explanation →On which date did the Government of India approve the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)?
- A.8 February 2024
- B.10 September 2020
- C.1 April 2021
- D.15 August 2023
Show answer
The government approved PM-MKSSY on that date as a sub-scheme meant to formalise the fisheries sector and to manage the risks its farmers carry, and the aquaculture insurance push described on 28 September 2026 is its Component 1-B. Delivery runs through the National Fisheries Digital Platform so that the incentive…
Read the full explanation →By which date has the Union Home Minister said the drug trade in the country will be uprooted?
- A.31 December 2029
- B.15 August 2030
- C.31 March 2028
- D.26 January 2032
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Speaking at the third national conference of the heads of the anti-narcotics task forces of the States and Union Territories in September of this year, the Union Home Minister said the country would collectively uproot the drug trade by that date, and he placed the protection of young people within…
Read the full explanation →What is the national toll-free de-addiction helpline number mentioned for the Nasha Mukt Bharat Abhiyaan?
- A.1933
- B.14446
- C.14416
- D.1098
Show answer
The national de-addiction helpline has been running since the first of March 2017, first under a longer number and now as this short code, and it offers tele-counselling at all hours while referring callers to the nearest supported facility.
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