President Ibrahim Mohamed Solih on Monday stated that the government is working on developing an effective insurance program for Maldivian farmers.
He made this remark while speaking at the meeting held with the farming community on Kaashidhoo Island in Kaafu Atoll.
The President stated that the farmers had previously raised concerns about the risk of taking loans and then having to bear extremely heavy costs in the event of natural disasters.
He said that the Kashidhoo farmers had stressed the importance of having insurance plans in place to mitigate this risk.
The President stated that the administration is currently working to develop an efficient insurance program for farmers and that it is in discussions with Allied Insurance Company about developing a dedicated insurance program for farmers, adding that they had even attended this year's agricultural exhibition.
As part of the President’s visit to Kaashidhoo Island, the President visited the agricultural exhibition held to mark Farmers’ Day and met with members of the farming community, the members of the island council, and the Women’s Development Committee (WDC). He also visited the healthcare center on the island.
