The Agriculture Insurance Company of India is a unique organization that plays a crucial role in supporting farmers across the country. It was established in 2002.
The company's primary objective is to provide crop insurance to farmers, which helps them manage risks associated with crop failure or damage. This is achieved through a variety of policies that cater to different needs.
A key feature of the company is its partnership with the government to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme. This scheme provides insurance coverage to farmers for their crops.
The company's services are available to farmers across India, with a wide range of products and services designed to meet their specific needs.
Frequently Asked Questions
Who provides crop insurance in India?
The Pradhan Mantri Fasal Bima Yojana (PMFBY) provides crop insurance in India, offering financial support to farmers in case of crop loss due to natural calamities. Launched in 2016, this scheme is a flagship initiative of the Ministry of Agriculture and Farmers Welfare.
Who is the father of India crop insurance?
V.M. Dandekar is known as the father of India's crop insurance. He introduced the Pilot Crop Insurance Scheme in 1979.
Sources
- https://en.wikipedia.org/wiki/Agriculture_Insurance_Company_of_India
- https://incoc.in/agriculture-insurance-company-of-india-limited/
- https://www.lusha.com/business/ed396caa6a587f03/
- https://www.salezshark.com/company/agriculture-insurance-company-of-india-ltd
- https://iasbaba.com/2023/01/agriculture-insurance-company-of-india-aic/
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