From left to proper: Ok. Janardhana Rao, GM Andhra Pradesh Grameena Financial institution (APGB), Ok. Pramod Kumar Reddy, Chairman APGB, Lalit Kharbanda, GM & CMO, Agriculture Insurance coverage Firm of India Restricted, GG Raju, Regional Supervisor AIC Nithish Goud, AP State Enterprise Head, AIC, after signing the MoU in Guntur on Thursday. , Picture Credit score: BY ARRANGEMENT
The Agriculture Insurance coverage Firm of India Restricted (AIC) and Andhra Pradesh Grameena Financial institution (APGB) have entered right into a strategic Bancassurance partnership by a Memorandum of Understanding (MoU) to offer Complete insurance coverage protection and monetary safety to shrimp farmers throughout Andhra Pradesh.
The MoU signing happened in Guntur on Thursday, within the presence of Lalit Kharbanda, Basic Supervisor, AIC; GG Raju, Regional Supervisor (Andhra Pradesh), AIC; J. Nithish Goud, State Enterprise Head, AIC; and from APGB, Ok. Pramod Kumar Reddy, Chairman; Ok. Janardhan Rao, Basic Supervisor; and A. Raja Sekharam, Basic Supervisor.
Talking on the event, officers emphasised that the collaboration marks a serious step towards advancing rural monetary inclusion, aquaculture threat administration, and sustainable livelihoods. By integrating AIC’s insurance coverage experience with APGB’s intensive rural community, the initiative seeks to empower shrimp farmers, mitigate manufacturing dangers, and promote blue financial system within the coastal areas of the state.
Constructing on this initiative, AIC and APGB plan to develop their partnership to incorporate livestock insurance coverage, thereby offering farmers a broader security web whereas serving to banks safeguard their agricultural loans. portfolios and strengthen rural monetary resilience.
Revealed – October 09, 2025 09:13 pm IST