The Agriculture Insurance Company of India Ltd has been formed under the aegis of the Government of India. As stated in the union budget speech for 2002-03 the main aim behind its establishment was to assist the farmers and create an actuarial regime that was sustainable.
At present the organization is responsible for implementing the National Agricultural Insurance Scheme, which, till its inception, was being handled by the General Insurance Corporation of India.
The company's paid-up share capital amounts to INR 200 crores and it has authorized share capital worth INR 1500 crores. Its shareholding pattern may be mentioned as below:
At present the organization is responsible for implementing the National Agricultural Insurance Scheme, which, till its inception, was being handled by the General Insurance Corporation of India.
The company's paid-up share capital amounts to INR 200 crores and it has authorized share capital worth INR 1500 crores. Its shareholding pattern may be mentioned as below:
