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Agriculture Insurance Company of India Limited (AIC) is an Indian public sector undertaking headquartered in New Delhi. It is a government-owned agricultural insurer under ownership of the Ministry of Finance, Government of India. AIC was designated by the Government of India as the sole “Implementing Agency” for its flagship Crop Insurance ...
The American Farm Bureau Federation (AFBF), more informally called the American Farm Bureau (AFB) or simply the Farm Bureau, is a United States -based 501 (c) (5) tax-exempt agricultural organization and lobbying group. [1] Headquartered in Washington, D.C., the Farm Bureau has affiliates in all 50 states and Puerto Rico.
The Federal Crop Insurance Corporation (FCIC) is a wholly owned government corporation managed by the Risk Management Agency of the United States Department of Agriculture. FCIC manages the federal crop insurance program, which provides U.S. farmers and agricultural entities with crop insurance protection. Corn crops bordering the Wabash River.
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Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance", or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").
The scheme shall be implemented through a multi-agency framework by selected insurance companies under the overall guidance and control of the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India and the concerned State in co-ordination with various other agencies; financial institutions like commercial banks, co-operative ...
The National Bank for Agriculture and Rural Development (NABARD) is an All India Financial Institution (AIFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5] It was established under the NABARD Act 1981 passed by the Parliament of ...
The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous [1] and statutory body under the jurisdiction of Ministry of Finance, Government of India. It is tasked with regulating and licensing the insurance and re-insurance industries in India. [2] It was constituted by the Insurance Regulatory and Development ...