New insurance schemes introduced for Agricultural sector
Srilanka, June 18 -- The Agricultural and Agrarian Insurance Board has expanded its crop insurance programmes to provide farmers with greater protection against natural disasters and climate-related risks, the Ministry of Agriculture, Livestock, Land and Irrigation.
The insurance schemes cover a wide range of cultivations, with priority given to key plantation crops including cinnamon, rubber, banana, tea and coconut. Separate insurance coverage has also been introduced for seed paddy farms.
The Ministry said the schemes are available at concessionary premium rates, enabling farmers to safeguard their livelihoods against unexpected losses caused by adverse weather conditions and other natural disasters.
The programme has been...
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