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Indian gov’t to develop crop insurance through satellite mapping

Maps to produce tailored yield-based insurance

The Indian government will map the country’s farmland using satellites to offer farmers yield-based insurance. Currently, crop insurance primarily covers loans taken out by farmers.

“Based on the imagery from the satellite, a vegetative index will be determined and after co-relating the data with yield for a particular crop, the yield of the individual farmer will be estimated to work out a tailor-made insurance cover,” a senior government official told the Economic Times.

Take a look at ET’s story “Government to digitally map farms with satellite for crop insurance; proposal being discussed with IRDA” for more details.