What's Happening?
Karnali Province in Nepal has introduced an agricultural insurance program aimed at protecting farmers from losses due to natural disasters, crop diseases, and other unforeseen events. The initiative, under the 'One Local Body, One Insurer' scheme, focuses
on crop and livestock coverage. The program ensures timely financial support for losses caused by floods, landslides, and epidemic diseases affecting agriculture.
Why It's Important?
The agricultural insurance scheme is a significant step towards safeguarding farmers' livelihoods in Karnali Province. By providing financial protection against natural calamities, the program aims to enhance food security and stabilize the agricultural sector. This initiative could serve as a model for other regions facing similar challenges, promoting resilience and sustainable development in rural communities.
