PULA Climate Risk Insurance Initiative
An index-based agricultural insurance initiative designed to protect smallholder farmers from severe climate shocks (such as droughts and heavy flooding). It uses satellite and historical tracking data to trigger automated financial compensation, avoiding costly in-person damage assessments.
Project scheme and budget (USD)
| Project budget (USD) | Rice component share (%) | Rice component budget (USD) | |
|---|---|---|---|
| Technical Assistance | 0 | 0 | 0 |
| Grant | 177,406.00 | 0 | 0 |
| Loan | 0 | 0 | 0 |
| Governmental | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Total | 177,406.00 | - | 0 |
Project Goal
An index-based agricultural insurance initiative designed to protect smallholder farmers from severe climate shocks (such as droughts and heavy flooding). It uses satellite and historical tracking data to trigger automated financial compensation, avoiding costly in-person damage assessments.
RICE Approach: Areas of contribution by the project
| Resilience | Industrialization | Competitiveness | Empowerment |
|---|---|---|---|
|
R1: Area under irrigation
|
I1: Capacity of industrial mills
|
C1: Share of local rice
|
E1: Access to financial services
|
|
R2: Quantity of resilient seeds
|
I2: Mechanization ratio
|
C2: Quantity of high-yielding seeds
|
E2: Access to technical services
|
SIEM
| Policy / Institutional | Infrastructure | Human Resource Capacity | Provision of Equipments or services | Knowledge / Research | |
|---|---|---|---|---|---|
| Seed | |||||
| Fertilizer | |||||
| Irrigation / water management | |||||
| On-farm technology transfer | |||||
| Mechanization | |||||
| Quality Improvement | |||||
| Access to market | |||||
| Access to credit | |||||
| Overall policy tools |
