Askari General Insurance (AGI) and Punjab Agriculture Department (PAD) on Thursday signed a contract to extend insurance coverage to growers of 18 districts of the province for Kharif crops under 'Crop Insurance Programme' of the provincial government.
Under this agreement grower having up to five acres of land will be given 100 per cent subsidy on the premium while growers having five acres to 25 acres of land will be given 50 per cent subsidy on the premium of their crop insurance.
The project was launched two seasons back from four districts on pilot project has been extended to 18 districts this season and in the fourth phase will cover the growers of the whole of the province.
Speaking on this occasion, Malik Nauman Ahmad Langrial regretted that the agriculture which was the mainstay of Pakistan's economy had been neglected during the last ten years. He said that the present government by signing this agreement was materializing its promise of giving protection to the farmers especially small growers.
He said that crops of the growers will be protected against any untoward and it will also help the farmers in meeting the negative challenges being inflicted by the climate change on their crops.