Topic
financial resilience
Finance Parametric climate insurance can safeguard India's ₹52 lakh crore agriculture economy in El Niño year
India's agriculture is increasingly exposed to structural climate risk, with 2026 predicted to be an El Niño year and seasonal rainfall already 13 per cent below normal. The Hindu Business Line reports that parametric climate insurance — with localised triggers, fast payouts and clear thresholds — can safeguard the ₹52 lakh crore agriculture economy. The article urges expansion of PMFBY and links insurance with adaptation.
Finance Climate Risk and El Niño Threaten Rural Credit: Rethinking Financial Resilience for Indian Farmers
As of early July, kharif sowing in India is 20% below last year's pace due to uneven monsoon and El Niño impacts. The all-India rainfall deficit narrowed to 18% but East and Northeast India face 37% deficit. LVLN Murty, CEO of Dvara KGFS, argues that rural credit must reflect local conditions, seasonal income patterns, and the need for savings and insurance to build financial resilience.