National Bank for Agriculture and Rural Development ( NABARD ) is in discussion with Agriculture Insurance Company of India (AICIL) to extend the coverage of weather-linked insurance products to all farmers. Currently, insurance products are available only for crop farmers.

“We consider developing insurance products linked to actual crop loss. While such insurance already exists, expanding it to cover farmers comprehensively could be highly beneficial,” a senior official told FE.

“The current system, which relies on assessing actual losses, often faces delays — it can take one to two years before compensation reaches farmers. Therefore, there is a need to rethink and improve the implementation of insurance to ensure timely and effective support,” the official said.

Already, NABARD is

See Full Page