Sindh govt plans insurance of crops through commercial banks, companies

KARACHI: The Sindh government has planned the insurance of seasonal, cash and oilseed crops from commercial banks and private companies in order to prevent farmers from bearing financial losses in an emergency situation.

According to details, the Sindh government has stepped back from its previous insurance plan involving utilization of own funds and decided to get insurance of the crops from commercial banks and insurance companies.

Sindh Agriculture Minister Ismail Rahu said in a statement that a suggestion was tabled for insurance of seasonal, cash and edible oil crops in the province. “In this connection, the provincial government contacted the central finance and commercial banks.”

He said that farmers will get relief from the insurance plan in case of facing financial losses due to any emergency situation. Ismail Rahu said that the provincial government withdrew its initial insurance plan due to shortage of funds.

The minister expressed hope to get better results from the insurance for providing relief to the farmers.



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