पुढील कोणते विधान अयोग्य आहे?

The correct answer is Option C (It covers loss in agricultural income only due to adverse natural calamities).

Key Points:
• Farm Income Insurance Scheme (FIIS):
• Launched on a pilot basis during Rabi 2003–04 in January 2004 by the Government of India.
• Detailed Feature Analysis:
• Statement (1) is correct: Launched in January 2004 across 18 selected districts in 10 states.
• Statement (2) is correct: Designed to offer dual protection—comprehensive yield risk insurance plus price volatility coverage to secure farmer incomes.
• Statement (3) is incorrect: The key feature of FIIS was providing comprehensive income protection combining BOTH yield risk (caused by adverse natural calamities) AND market price risk (fluctuations in market price below MSP levels). It was not restricted solely to yield loss caused by natural calamities.
• Statement (4) is correct: The government provided a 75% premium subsidy for small and marginal farmers, and 50% for others.
• Final Answer Key Match:
• Statement 3 is factually inaccurate, making Option 3 the correct response.
• Key Takeaway: Farm Income Insurance Scheme (2004) protected against both production losses and market price crashes, not just natural calamities.