AIC Signs MoU with CSC to Widen “Sampoorna Pashudhan Kawach” across Rural India

Current Context: The Agriculture Insurance Company of India Ltd. (AIC) has signed a Memorandum of Understanding (MoU) with CSC e-Governance Services India Ltd. (CSC).

• 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