Unexpected rainfall in various states has harmed the ready-for-harvesting crops such as rice, soya bean, cotton, pulses, and vegetables at a time when India is facing a likely food grain shortfall due to decreased sowing of Kharif crops, particularly paddy. Additionally, unseasonal rain is likely to cause damage to 15 to 20% of summer-seeded crops. India’s millions of rural smallholders are expected to be hit by bad crops. As a result, the need & demand for crop insurance is likely to increase.
Upaj by Absolute is solving the ‘unseasonal rainfall’ loss for farmers with a first-of-its-kind, DIY Insurance Marketplace in collaboration with DigiSafe
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