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What is the percentage increase or decrease in the budget allocation for Pradhan Mantri Fasal Bima Yojana in the Budget 2022–2023 compared to the previous year's (2021–2022) budget estimate?
- 3 percent increase
- 3 percent decrease
- 5 percent decrease
- 10 percent increase
Correct answer: 3 percent decrease
Solution
The budget allocation for Pradhan Mantri Fasal Bima Yojana in 2022–23 was lower than the previous year's budget estimate by about 3%. Therefore, it is a 3 percent decrease.
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