Experts meet in Patna to discuss new initiative that could “future‐proof” one million smallholders
Patna, (August 1, 2015): Representatives from State and Central government agencies, NGOs, private insurance companies, farmers and development partners met today to exchange ideas and expertise in an inception workshop for a new project on developing ‘Index-Based Flood Insurance (IBFI)’. The project aims to develop effective payout schemes to protect low income communities in flood prone area by improving their ability to cope with flood risks. The day long workshop was presided by Dr. C P Thakur, Member of Parliament, Rajya Sabha and was organized by International Water Management Institute (IWMI) and CGIAR research program on Climate Change, Agriculture and Food Security (CCAFS). Speaking at the workshop Dr Thakursaid, “Bihar has suffered a lot due to floods, this kind of product is very much needed. The product should go beyond a scheme and see how it can address overall socio-economic development to reduce poverty”