Samunnati launches new scheme to crowdsource funds to cover small farmers’ risks

Specialised agri price chain enabling start out-up Samunnati on Saturday launched an insurance policy initiative Annadata Suraksha Abhiyaan (ASA) to address farmers from day-to-day farming hazards.

On the occasion of Daan Ustav, one particular of India’s largest pageant of providing, celebrated each calendar year from October two to eight, Samunnati launched the ASA marketing campaign to address above fifty,000 smallholder farmers who are aspect of its FPOnEXT programme, an distinctive network doing the job with farmers producers organisation.

A push launch from Samunnati mentioned in the coming years, it options to lengthen this insurance policy benefits to above two lakh farmers by amplifying the crowdsourcing marketing campaign in partnership with other ecosystem gamers.

Via ASA, Samunnati’s eyesight is to insure Indian farmers from the vulnerabilities and hazards associated with farming, as properly as to generate a lot more awareness and adoption of insurance policy among the India’s agrarian communities.

The insurance policy benefits will originally give protection up to ₹50,000 to just about every farmer absolutely free of price tag via FPOnEXT platform. It will address above a dozen hazards such as accidental deaths, long-lasting or partial disablement, incident and hospitalisation, fractures, burns, vector borne ailments and emergency ambulance expenses. Kid training and marriage bills have also been bundled in the insurance policy.

Commenting on this initiative, Anilkumar SG, Founder and CEO, Samunnati, mentioned, “Insurance is considered a luxurious by a substantial aspect of India’s farming communities. At Samunnati, we recognise this notion and with Annadata Suraksha Abhiyaan, we goal to absolutely free our nation’s Annadatas (farmers) from the hazards that they come across each working day.”

“By inviting Indian citizens and corporates to lead to this considerate initiative, we are established to guidance and safeguard smallholder farmers, as properly as their households. We search ahead to partnering with other stakeholders in providing back to this community and producing their life threat-evidence in the coming years,” he mentioned.

Chennai-based Samunnati is existing in above a hundred agri price chains unfold across 22 States.