Samunnati launches to crowdsource funds to cover small farmers’ risks

Specialised agri price chain enabling start-up Samunnati on Saturday introduced an insurance policies initiative Annadata Suraksha Abhiyaan (ASA) to protect farmers from day by day farming pitfalls.

On the event of Daan Ustav, just one of India’s largest pageant of giving, celebrated each and every year from Oct 2 to 8, Samunnati introduced the ASA campaign to protect around fifty,000 smallholder farmers who are portion of its FPOnEXT programme, an special network performing with farmers producers organisation.

A press release from Samunnati stated in the coming several years, it plans to lengthen this insurance policies benefits to around two lakh farmers by amplifying the crowdsourcing campaign in partnership with other ecosystem players.

As a result of ASA, Samunnati’s vision is to insure Indian farmers from the vulnerabilities and pitfalls linked with farming, as properly as to generate more awareness and adoption of insurance policies amid India’s agrarian communities.

The insurance policies benefits will in the beginning give protection up to ₹50,000 to each individual farmer free of charge of price by using FPOnEXT platform. It will protect around a dozen pitfalls this sort of as accidental fatalities, long term or partial disablement, accident and hospitalisation, fractures, burns, vector borne disorders and unexpected emergency ambulance costs. Youngster schooling and marriage bills have also been incorporated in the insurance policies.

Commenting on this initiative, Anilkumar SG, Founder and CEO, Samunnati, stated, “Insurance is regarded a luxury by a big portion of India’s farming communities. At Samunnati, we recognise this perception and with Annadata Suraksha Abhiyaan, we aim to free of charge our nation’s Annadatas (farmers) from the pitfalls that they come across each and every day.”

“By inviting Indian citizens and corporates to contribute to this thoughtful initiative, we are identified to guidance and safeguard smallholder farmers, as properly as their people. We glimpse ahead to partnering with other stakeholders in giving back again to this community and generating their life threat-proof in the coming several years,” he stated.

Chennai-based mostly Samunnati is present in around a hundred agri price chains unfold across 22 States.