‍How can we increase adoption of crop insurance among Indian farmers?‍

Less than 25% of Indian farmers are crop insurance holders, leaving the majority vulnerable to volatile weather and other risks. Athena is supporting ITUS Insurance Brokers to design a Social Impact Bond (SIB) to expand agricultural micro-insurance for vulnerable farmers. The SIB will contribute to financial inclusion and rural development by increasing the number of farmers insured. It will also seek to improve their welfare and resilience to climate change, and improve the quality of the crop insurance services farmers receive by investing in localized networks of insurance agents. The agents will expand enrollment and help farmers document and submit their claims. Additionally, they will improve transparency and farmers' access to information.