Agricultural insurance protects farmers from losses caused by natural disasters like floods, droughts, pests, and diseases. Farming depends a lot on weather, and sometimes crops get damaged badly. This insurance helps farmers recover their money and avoid debt.
The government often supports crop insurance to make it affordable. Farmers pay a small premium, and if their crop fails, they get money based on the loss.
There are different types of agri-insurance:
- Crop Insurance: Covers specific crops.
- Livestock Insurance: Covers cattle and animals.
- Weather Insurance: Based on rainfall or temperature changes.
This insurance helps protect farmers’ income and supports the agriculture economy. It brings hope and stability to rural areas.
