WRMS gets Euro 2.1 mn grant to provide solutions for yield guarantee to small farmers
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WRMS gets Euro 2.1 mn grant to provide solutions for yield guarantee to small farmers
Weather Risk Management Services (WRMS), an agriculture risk management company, on Tuesday said it has received 2.1 million euros (Rs 17 crore) from InsuResilience Solutions Fund to provide solutions for yield guarantee to small farmers. The company will use the fresh capital to develop and implement the yield guarantee solution to improve the resilience of 1,00,000 smallholder farmers against climate risks and incentivise smart agricultural risk management practices, WRMS said in a statement.
InsuResilience Solutions Fund (ISF), managed by the Frankfurt School of Finance & Management (FS), and financed by KfW Development Bank, signed a grant agreement with WRMS and INGEN Technologies, a data provider of weather stations, to co-fund the project development and implementation of the yield guarantee solution.
"At WRMS, our aim is to build resilience of smallholder farmers by giving them equal opportunities to thrive. With this new association with InsuResilience Solutions Fund, we are now ready to further ramp up our SecuFarm services to the next level and support the smallholders to our maximum extent," Anuj Kumbhat, Founder & CEO of WRMS, said.