Project Completion Report of Index-Based Agriculture Insurance in Haor Area
Several integrated plans and activities have been going on for a while now, at the direction of Honorable Prime Minister Sheikh Hasina of the Government of the People's Republic of Bangladesh under the supervision of the Financial Institutions Department of the Ministry of Finance to stand by the fa...
| Main Authors: | , , |
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| Format: | Informe técnico |
| Language: | Inglés |
| Published: |
CGIAR Research Program on Climate Change, Agriculture and Food Security
2020
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/110023 |
| _version_ | 1855541715226591232 |
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| author | Amarnath, Giriraj Ahmed, Syed Moinuddin Pavez, Ali T. |
| author_browse | Ahmed, Syed Moinuddin Amarnath, Giriraj Pavez, Ali T. |
| author_facet | Amarnath, Giriraj Ahmed, Syed Moinuddin Pavez, Ali T. |
| author_sort | Amarnath, Giriraj |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Several integrated plans and activities have been going on for a while now, at the direction of Honorable Prime Minister Sheikh Hasina of the Government of the People's Republic of Bangladesh under the supervision of the Financial Institutions Department of the Ministry of Finance to stand by the farmers who are at risk of financial loss in flood-prone Haor areas. To transform these plans into reality, with the extensive support from Insurance Development and Regulatory Authority of Bangladesh (IDRA), Green Delta Insurance Company Limited and its distribution channel partner OXFAM Bangladesh and local associate Sancred Welfare Foundation (SWF) have insured 316 Farmers of Tahirpur, Sunamganj area under Index-Based Crop Insurance as a pilot basis. Shadharan Bima Corporation has also piloted a project in Mithamoin Haor area to complement the pilot initiative and as per direction from the authorities. After almost a month of running this pilot, monitoring-updating-analyzing satellite and ground level data, Green Delta paid a claim of BDT 150,000 to 316 Boro Rice farmers, which GDIC considers as their success of this pilot phase. GDIC also suggests to replicate the pilot and carry out the success throughout the country while implementing Index-Based Crop Insurance in naturally vulnerable and mostly exposed areas of Bangladesh to strengthen the financial stability of farmers and increase the contribution of agriculture in the economy and national income. To implement Index Based Crop Insurance across the country the government needs to develop a number of high end technology and infrastructure to support them. Satellite remote sensing, real time data provider weather stations, digitalization of transaction methods, utilizing local authorities as structural distribution channel etc. are the most important initiatives that needs to be undertaken besides building stronger collaborations between respective departments and ministries of the government to get the most out this project. |
| format | Informe técnico |
| id | CGSpace110023 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | CGIAR Research Program on Climate Change, Agriculture and Food Security |
| publisherStr | CGIAR Research Program on Climate Change, Agriculture and Food Security |
| record_format | dspace |
| spelling | CGSpace1100232025-12-10T12:47:30Z Project Completion Report of Index-Based Agriculture Insurance in Haor Area Amarnath, Giriraj Ahmed, Syed Moinuddin Pavez, Ali T. food security climate change agriculture Several integrated plans and activities have been going on for a while now, at the direction of Honorable Prime Minister Sheikh Hasina of the Government of the People's Republic of Bangladesh under the supervision of the Financial Institutions Department of the Ministry of Finance to stand by the farmers who are at risk of financial loss in flood-prone Haor areas. To transform these plans into reality, with the extensive support from Insurance Development and Regulatory Authority of Bangladesh (IDRA), Green Delta Insurance Company Limited and its distribution channel partner OXFAM Bangladesh and local associate Sancred Welfare Foundation (SWF) have insured 316 Farmers of Tahirpur, Sunamganj area under Index-Based Crop Insurance as a pilot basis. Shadharan Bima Corporation has also piloted a project in Mithamoin Haor area to complement the pilot initiative and as per direction from the authorities. After almost a month of running this pilot, monitoring-updating-analyzing satellite and ground level data, Green Delta paid a claim of BDT 150,000 to 316 Boro Rice farmers, which GDIC considers as their success of this pilot phase. GDIC also suggests to replicate the pilot and carry out the success throughout the country while implementing Index-Based Crop Insurance in naturally vulnerable and mostly exposed areas of Bangladesh to strengthen the financial stability of farmers and increase the contribution of agriculture in the economy and national income. To implement Index Based Crop Insurance across the country the government needs to develop a number of high end technology and infrastructure to support them. Satellite remote sensing, real time data provider weather stations, digitalization of transaction methods, utilizing local authorities as structural distribution channel etc. are the most important initiatives that needs to be undertaken besides building stronger collaborations between respective departments and ministries of the government to get the most out this project. 2020-10-30 2020-10-30T20:23:00Z 2020-10-30T20:23:00Z Report https://hdl.handle.net/10568/110023 en Open Access application/pdf CGIAR Research Program on Climate Change, Agriculture and Food Security Amarnath G, Ahmed SM, Pavez AT. 2020. Project Completion Report of Index-Based Agriculture Insurance in Haor Area. Wageningen: CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). |
| spellingShingle | food security climate change agriculture Amarnath, Giriraj Ahmed, Syed Moinuddin Pavez, Ali T. Project Completion Report of Index-Based Agriculture Insurance in Haor Area |
| title | Project Completion Report of Index-Based Agriculture Insurance in Haor Area |
| title_full | Project Completion Report of Index-Based Agriculture Insurance in Haor Area |
| title_fullStr | Project Completion Report of Index-Based Agriculture Insurance in Haor Area |
| title_full_unstemmed | Project Completion Report of Index-Based Agriculture Insurance in Haor Area |
| title_short | Project Completion Report of Index-Based Agriculture Insurance in Haor Area |
| title_sort | project completion report of index based agriculture insurance in haor area |
| topic | food security climate change agriculture |
| url | https://hdl.handle.net/10568/110023 |
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