Samunnati unveils insurance scheme for small farmers

Eyeing to cover five million smallholder farmers,  families with insurance coverage from farming related risks by 2025.

BENGALURU, 3 October 2021: Samunnati, a specialized agri value chain enabler has launched Annadata Suraksha Abhiyaan, a tailor-made insurance initiative to financially secure annadatas from day-to-day farming risks.

On the occasion of, Daan Ustav, Samunnati has launched campaign to cover over 50,000 smallholder farmers who are part of their FPOnEXT program.

In the coming year, Samunnati plans to extend this insurance benefits to over two lakh farmers by amplifying the crowdsourcing campaign in partnership with other ecosystem players.

Through the Annadata Suraksha Abhiyaan, Samunnati’s vision is to insure Indian farmers from the vulnerabilities and risks associated with farming, as well as to drive more awareness and adoption of insurance among India’s agrarian communities. The insurance benefits which will initially provide coverage up to INR 50,000 to each farmer will be offered free of cost via FPOnEXT platform.

It shall cover over a dozen risks such as accidental death, permanent or partial disablement, accident and hospitalization, fractures, burns, vector borne diseases and emergency ambulance charges. Child education and marriage expenses have also been included in the insurance.

Speaking on this initiative, Anilkumar SG, Founder and CEO, Samunnati, “Insurance is considered a luxury by a large part of India’s farming communities. At Samunnati, we recognize this perception and with Annadata Suraksha Abhiyaan, we aim to free our nation’s Annadatas from the risks that they encounter every day."

"By inviting Indian citizens and corporates to contribute to this thoughtful initiative, we are determined to support and protect smallholder farmers, as well as their families. We look forward to partnering with other stakeholders in giving back to this community and making their lives risk-proof in the coming years,” he concludes.