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Who is the head of the Working Group constituted by the Central Government to roll out an overhauled Pradhan Mantri Fasal Bima Yojana (PMFBY)?
Vijay C Daga
V G Somani
Correct Option is Ritesh Chauhan
Solution:Working Group Constituted to overhaul Pradhan Mantri Fasal Bima Yojana (PMFBY) headed by Ritesh Chauhan The Central Government has constituted a Working Group (WG) to be headed by Chief Executive Officer (CEO) of PMFBY, currently Ritesh Chauhan to roll out an overhauled Pradhan Mantri Fasal Bima Yojana (PMFBY) from Kharif 2022. The group will submit its report in six months. The key reason for the WG formation is the quitting of the scheme by many states due to the share of premium. The premium to be paid by farmers is fixed at 1.5% of the sum insured for rabi crops and 2% for Kharif crops, while it is 5% for cash crops under PMFBY. The balance premium is split equally between the Centre and states. Many states have demanded their share of the premium subsidy be capped at 30% while some others demand the Centre to bear the entire subsidy.
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