Insurance: You reap what you sow in rural India!
Source: Asia Insurance Review | Mar 2017
Agriculture, rural and allied sectors have got a big thumbs-up in India’s budget for 2017-18. Allocations to several existing schemes, including the Pradhan Mantri Fasal Bima Yojana, have been increased. Focus is on going digital. Concerns of those at the bottom of the pyramid are being addressed. As other economic activities and infrastructure sectors get a boost, it should spur the Indian insurance sector also to enlarge its footprint across rural India. Can the Indian insurance industry rise to the occasion?
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