Kshema General Insurance raised $20 million from the Green Climate Fund to enhance microinsurance for farmers affected by climate change. This investment is crucial for protecting smallholder farmers and improving agricultural resilience.

Kshema General Insurance has announced a significant capital infusion of $20 million from the Green Climate Fund (GCF) to support its initiative titled 'Harnessing Insurance for Climate Resilience in Indian Agriculture.' This project aims to provide microinsurance coverage to smallholder farmers, who constitute 86% of India's agricultural population and are often left uninsured against climate-related risks. The GCF's investment represents its first foray into microinsurance, highlighting the importance of protecting vulnerable farmers from climate-induced losses. The funding will not only expand insurance coverage but also enhance Kshema's proprietary technology platform, the Kshema Cognitive Engine, which offers customized insurance solutions and advisory services, including weather alerts and crop health insights. This initiative is vital for improving the resilience of the agricultural sector in India amidst increasing climate volatility.