Consider the following statements with respect to Pradhan Mantri Fasal Bima Yojana (PMFBY): 1. PMFBY provides risk insurance to farmers against crop damage due to non-preventable natural risks. 2. PMFBY provides risk coverage of ₹2 lakh in case of death of the insured. 3. PMFBY ensures flow of credit to the agriculture sector. 4. PMFBY provides risk coverage of ₹2 lakh for complete disability of the insured. Which of the statements given above is/are correct?

Statement 1 is correct: PMFBY (launched 2016) provides comprehensive insurance to farmers against crop loss caused by non-preventable natural risks like drought, flood, pests, and diseases. Statement 3 is correct: by stabilising farmer incomes, PMFBY ensures continued flow of credit to the agriculture sector and protects farmers' creditworthiness. Statements 2 and 4 are incorrect: PMFBY does NOT provide ₹2 lakh personal accident/disability cover — that feature relates to schemes like PMSBY (Pradhan Mantri Suraksha Bima Yojana), not PMFBY which is a crop insurance scheme. Hence 1 and 3 only are correct.