India: Crop Insurance Program

With 25 million farmers insured, the National Agricultural Insurance Scheme (NAIS) in India is the largest crop insurance scheme in the world. The Indian Government moved from a social crop insurance scheme to a market-based crop insurance program with actuarially sound premium rates, up-front subsidies, and participation of private insurers. The World Bank provided technical assistance to support modification of NAIS based on international best practice and in-country experience.