After the Department of Agriculture, Govt of Maharashtra announced a 3 year empanelment of insurance companies and intermediaries for implementation of crop insurance scheme, the Integrated Risk Insurance Brokers Limited(IRIBL), announced ‘Mee Annapurna’ for farmers welfare across Maharashtra.

Major Highlights

It is an initiative that integrates three critical aspects of livelihood and comprehensive engagement for farmers welfare across Maharashtra. It revolves around the three commandments – Expertise, Engagement and Entitlement.

Background

i.As more small and marginal farmers are forced to take daily wage labor on large lands for survival, the state government is likely to face a major challenge to bring them back into the institutional credit system after the lockdown is eliminated. Farmers should be given adequate loans to cover the input expenditure for farming.

ii.Without concrete measures, 40 to 45% farmers will be forced to take up daily wage work on bigger farmlands or explore alternative jobs.

iii.In view of this, Maharashtra announced a 3 year empanelment of insurance companies and intermediaries. The tender was issued on the guidelines of Revamped Pradhan Mantri Fasal Bima Yojana. Post-launch of the guidelines, the insurance company announced this initiative.

About IRIBL:

It is an Insurance Regulatory and Development Authority of India(IRDA) licensed insurance intermediary since 2004 & is one of the India’s leading distributors of diversified insurance products and services and specialize in Risk Management, Claim consultancy, Insurance Placement & Government Business.