How Does Weather-based Crop Insurance Protect Farmers From The Impact Of Climate Change

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• How Does Weather-based Crop Insurance Protect
  Farmers From The Impact Of Climate Change?

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Table Of Content

• How Weather-based Crop Insurance Protect Farmers
  From Climate Change?

What Is Weather-Based Crop Insurance?

• About Us

Conclusion

• How Weather-based Crop Insurance Protect Farmers
  From Climate Change?

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About Us - Financing Solutions For Climate
Resilient, Future Ready Profitable Farming.

• Netafim Agricultural Financing Agency Pvt. Ltd.
  (NAFA) was promoted by Netafim Group, Israel to
  finance the stakeholders in micro-irrigation
  value chain. Netafim invented and pioneered the
  adoption of drip irrigation system across the
  world with the mission to promote a global change
  in the way water is used in agriculture.
• One of the major hurdles in adoption, of micro
  irrigation by farmers, was their access to
  finance, hence Netafim decided to provide
  financial solutions to the stakeholders in micro
  irrigation value chain. NAFA, the Non-Banking
  Finance Company (NBFC) of Netafim Group, received
  the RBI license and commenced operations in
  March2013.

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• How Weather-based Crop Insurance Protect Farmers
  From Climate Change?

• Extreme weather conditions can have long-lasting
  effects on the farmers livelihoods. They destroy
  crops, assets and lead to many more nerve-racking
  consequences. To help them cope with weather
  destruction, financial services such as
  weather-based crop insurance can act as a relief
  for them.
• The farmers and their families are more
  vulnerable to weather conditions to make them
  resilient to such incidences insurance is the
  ultimate option. It enables farmers to get
  prepared for risks and emergencies. With
  insurance, farmers gain confidence to invest more
  in producing crops and deal with unforeseen
  weather conditions.
• Farmers also dare to invest in the latest
  equipment by opting for agricultural machinery
  finance. Many agri finance companies in
  Maharashtra and various other locations provide
  timely support to farmers to cultivate crops.
  With weather-based crop insurance, farmers feel
  protected from climate changes affecting crops.

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• How Weather-based Crop Insurance Protect Farmers
  From Climate Change?

• Furthermore, they can also opt for intelligent
  technologies and adopt sustainable food
  production methods. They can also go for various
  loans to help them invest in the latest
  technologies. It will produce more food and
  support farmers rising above the poverty line.
  Netafim Agricultural Financing Agency (NAFA) is
  one such agency helping farmers across India
  through financing solutions for
  climate-resilient, sustainable, and profitable
  farming.
• The Government of India in 2009 directed the
  state governments to come up with strategies
  State Action Plan on Climate Change (SAPCC) to
  address climate change. There are 32 SAPCCs, out
  of which 23 mention that the Weather-Based Crop
  Insurance Scheme (WBCIS) is the best strategy to
  address the impact of climate change on
  agriculture.
• Let us now dive deep into how weather-based crop
  insurance can protect farmers from climate change.

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• What Is Weather-Based Crop Insurance?

• The weather-Based Crop Insurance Scheme (WBCIS)
  mitigates the risks of the insured farmers
  against the likelihood of financial loss on
  account of crop loss resulting from adverse
  weather conditions such as rainfall, wind,
  humidity, and the like. The crops covered under
  the insurance are food crops (cereals, millets,
  and pulses), oilseeds, and commercial or
  horticulture crops.  
• The weather-based crop insurance scheme covers
  farmers availing the loans from the financial
  agencies for the cultivation. The sum insured is
  pre-defined and is determined on the cost of the
  cultivation, and the state decides it for each
  crop and district.

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• How Weather-based Crop Insurance Protect Farmers
  From Climate Change?

• Financial Security Weather-based crop insurance
  provides financial support to the farmers in case
  of financial loss resulting from extreme
  destructive weather conditions. Farmers can rest
  assured and focus on cultivating crops by opting
  for agricultural machinery finance and other
  loans to implement the latest technology to
  produce high-quality food. Agri finance companies
  in Maharashtra like NAFA enable farmers to opt
  for more sustainable ways of food cultivation.
• Helps Maintain Farmer Credibility The insurance
  enables farmers to maintain their credibility by
  assisting them in repaying their loans despite
  losses incurring from crop destruction.
  Therefore, farmers can make the best use of loan
  facilities in cultivating the crops by availing
  the financial support from Agri finance
  companies.
• It Stabilises Farm Income It also helps
  stabilise farm incomes even when calamities hit
  and destroy the crops. It provides incredible
  financial support to the farming families to not
  affect their livelihood.

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• How Weather-based Crop Insurance Protect Farmers
  From Climate Change?

• Offers Minimum Premium Facility It is an
  excellent source of support for farmers via a
  minimum premium facility. The premium is so low
  that farmers can quickly pay without burning a
  hole in their pocket.
• Farmers Can Adopt Advanced Agricultural
  Techniques As farmers get protection with
  weather-based crop insurance, they can put their
  efforts into cultivating the best quality crops
  by using advanced agricultural techniques.
  At NAFA financing agency, we provide excellent
  financial solutions to enable smart agriculture
  and produce the best quality and high quantity
  food. It also allows farmers to generate high
  income through sustainable methods of
  agriculture.
• It Gives Them Freedom From Debts The fantastic
  facilities and support provided by the insurance
  protect farmers from climate change. And better
  options from the financing agencies who also
  offer modern farming methods to increase yield,
  farmers gain freedom from local money lenders. 

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• Conclusion

• The above-mentioned innumerable benefits that
  farmers derive from weather-based insurance show
  how weather-based insurance acts as a boon to
  farmers. It helps them lead a blissful life by
  adopting the latest technologies, investing in
  sustainably producing better quality food, and
  earning a high income.

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What We Promote?
Sustainable Agriculture Practices by promoting
climate resilient technologies by focusing on
using water efficiently to reduce negative impact
on environment.
Access to Financial Service To small holder
farmers and Small Medium rural agri enterprises
Improving Farmers Income Level By helping him to
adopt cash-crops, increasing crop-productivity
and helping him to grow more with less
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Thank you
Netafim Agricultural Financing Agency Pvt. Ltd.
308, 3rd Floor, Windfall, D- Wing, Sahar Plaza
Complex, Andheri Kurla Road, J B Nagar, Andheri
East, Mumbai 400059
Phone Number 91-22-6170 7600 Toll-Free  1800
2677762 Whatsapp  [phone] Email
info_at_nafa.co.in customercare_at_nafa.co.in
Web https//nafa.co.in