1. People, Public, Private Partnership to Mitigate the Risk and Ensure Financial Security Alok Shukla

2. P^4 – The Need Sustained Partnership People (Farmers) Public (Govt. Institutions) Private (Insurance Cos., Data Providers) NeedBenefit /Trust

3. P^4 – Current Scenario People : –Farmers : Facing risk of crop yield uncertainty Public : –Government : Facilitates and subsidizes income safety for farmers –Institutes : Support with technical inputs Private : –Data providers : Setting up infrastructure –Insurers : Underwriting the risk While current PPP scenario caters to basic requirement, it lacks a collective long term approach

4. P^4 – Address the real problem Problem : Risk of crop failure Question : How can P^4 address this problem? Risk Identification Risk Assessment Risk Avoidance Risk Retention Risk Transfer Insurers : Current Intervention Insurers : Possible Intervention

5. P^4 – Proposed solution Long term allocation of districts to insurers Insurers to work closely with farmer/ farmer’s representatives, district agriculture officers, regional research institutes on risk reduction How will this help the stakeholders? Farmers : Risk reduction which would lead to income stabilization and increase Insurers : Risk reduction Government : Social security

6. P^4 – Need of the hour Pilot projects to address current challenges Long term partnerships Inputs from farming associations/ farmers representative while designing products Long term approach while evaluating a program Closer coordination between all the stake holders to ensure greater transparency

7. THANK YOU