AIC, APGB ink MoU for shrimp farmer insurance

The Agriculture Insurance Company of India Limited (AIC) and Andhra Pradesh Grameena Bank (APGB) person entered into a strategical Bancassurance concern done a Memorandum of Understanding (MoU) to supply broad security sum and fiscal extortion to shrimp farmers crossed Andhra Pradesh.

The MoU signing took spot successful Guntur connected Thursday, successful the beingness of Lalit Kharbanda, General Manager, AIC; G.G. Raju, Regional Manager (Andhra Pradesh), AIC; J. Nithish Goud, State Business Head, AIC; and from APGB, K. Pramod Kumar Reddy, Chairman; K. Janardhan Rao, General Manager; and A. Raja Sekharam, General Manager.

Speaking connected the occasion, officials emphasised that the collaboration marks a large measurement toward advancing agrarian fiscal inclusion, aquaculture hazard management, and sustainable livelihoods. By integrating AIC’s security expertise with APGB’s extended agrarian network, the inaugural seeks to empower shrimp farmers, mitigate accumulation risks, and beforehand bluish system successful the coastal regions of the State.

Building connected this initiative, AIC and APGB program to grow their concern to see livestock insurance, thereby providing farmers a broader information nett portion helping banks safeguard their cultivation indebtedness portfolios and fortify agrarian fiscal resilience.