Regarding the premium payable by farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY), consider the following statements: 1. The maximum premium payable by farmers for Kharif food and Rabi food and oilseeds crops is 2%. 2. The maximum premium payable by farmers for annual commercial/horticultural crops is 5%. Which of the statements above is/are correct?
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