7. With respect to the Pradhan Mantri Fasal Bima Yojana and the Restructured Weather Based Crop Insurance Scheme, which of the statements given above is/are correct?
- 1.Both the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCI) is being administered by the Ministry of Agriculture and Farmers Welfare.
- 2.While PMFBY provides a comprehensive insurance cover against the failure of the crop, RWBCI provides insurance only due to adverse weather conditions relating to rainfall, temperature, wind, humidity etc.
Select the correct answer using the code given below: