13 seed producers reported partial damage of their maize seed crops and submitted claims to the Shikhar Insurance District Branch, Dailekh. Combined they hae received NPR xxx, in compensation for the damaged crops.
In 2018, farmers in RAP3 CONNECT partner Hatemalo Seed Production Cooperative (HSPC)'s supply chain insurance maize seed crops, covering 34 ropanis, with Shikhar Insurance. This was the first time Shikhar Insurance offered such a policy in Dailekh. Together the seed producers invested NPR 37,292 to purchase insurance policies worth NPR 27,83,750, benfitting from the Government of Nepal subisidies. The policy insured the maize seed crops against a variety of risks including fire, lightning, flood, landslide, subsidence, storm, hailstorm, snow, frost, infestations and diseases.
Insurance protect farmers against loses and enable them to scale production as they shift to commercial agriculture.
HSPC are pleased that the farmers have received compensation, making use of their insurance, and plans to support more seed producers in theisupply chain to purchase insurance at the start of the next season.