%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(7).png "AIC Signs MoU with CSC to Widen “Sampoorna Pashudhan Kawach” across Rural India")
- The MoU aims to expand the reach of AIC’s cattle insurance product, “Sampoorna Pashudhan Kawach”, across rural India.
- The signing ceremony took place on May 16, 2024, at the AIC Head Office in New Delhi.
- CSC will leverage its network of around 6 lakh Common Service Centres (CSCs) to distribute the insurance product.
- The agreement will ensure market penetration up to individual households and reach the most needy farmers.
- In the future, the tie-up will cover AIC’s other products like Saral Krishi Bima, Sampoorna Ritu Kavach, Aquaculture Crop Insurance, Sinchai Pranali Bima, etc.
- The whole process from enrolment, claim assessment, and policy servicing will be system-enabled from end to end.
- This initiative is a crucial aspect of agricultural risk management, particularly for farmers who depend on livestock for their livelihoods.
- Despite government initiatives, there are challenges in implementing livestock insurance schemes in India, including issues related to awareness among farmers and the availability of veterinary services in rural areas.
Question:
Q1. What is the aim of the MoU signed between Agriculture Insurance Company of India Ltd (AIC) and CSC e-Governance Services India Ltd (CSC)?
- A) To provide health insurance to rural India
- B) To provide life insurance to rural India
- C) To expand the reach of AIC’s cattle insurance product, “Sampoorna Pashudhan Kawach”, across rural India
- D) To provide crop insurance to rural India
Answer: C) To expand the reach of AIC’s cattle insurance product, “Sampoorna Pashudhan Kawach”, across rural India
