Insurance push brings new hope to disaster-hit Bajhang farmers
Summary
Bajhang farmers in Nepal are gaining access to a new agricultural insurance scheme aimed at protecting against recurring losses due to disasters and crop diseases. The government subsidizes 80% of premiums to encourage participation.
Key Points
- Farmers in Bajhang face significant losses due to disasters and increasing crop diseases affecting subsistence farming.
- The District Agriculture Knowledge Centre and National Insurance Company Limited are launching an insurance campaign for crops, livestock, and medicinal herbs.
- Insurance will be mandatory for farmers receiving government subsidies, with an 80% premium subsidy provided by the government.
- The initiative aims to provide financial security, promote investment, and build confidence in Bajhang's agricultural sector.
