Ethiopia: Crop Insurance Against Weather Risks Launched
Ethiopia on Wednesday launched a distinctively designed crop insurance based on Normalized Difference Vegetation Index (NDVI) for its small holder farmers.
The new insurance policy intends to promote and venture into rural micro insurance products and to provide safety nets for low income section of the population in Ethiopia, stated Yewondwossen Eteffa, CEO of Ethiopian Insurance Corporation during the launching event.
The latest insurance policy aims to insure small holder farmers against weather related risks.
The insurance scheme envisages attracting 200, 000 small holder farmers this year and 15 million over the coming five years.