Kshema General Insurance has secured a $20 million capital infusion from the Green Climate Fund (GCF) to expand its insurance coverage across India.
The GCF, recognized as the world’s largest climate-focused investment fund established under the Paris Agreement, has approved the project titled “Harnessing Insurance for Climate Resilience in Indian Agriculture.” This marks GCF’s first-ever investment in a microinsurance initiative, aimed at protecting smallholder and marginal farmers from climate-induced risks and losses, according to Kavita Sinha, Director of GCF’s Department of Private Sector Facility.
The funding will enable Kshema to broaden insurance coverage for currently uninsured farmers, who represent nearly 86% of India’s agricultural community, while also enhancing its capacity to underwrite crop risks linked to growing climate variability.
In addition to expanding its insurance outreach, Natraj Nukala, founder of Kshema General Insurance, stated that the investment will also support the growth of the Kshema Cognitive Engine—the company’s proprietary technology platform. This AI-driven system is designed to deliver personalized insurance solutions and advisory services, such as weather alerts and crop health insights, further empowering farmers with actionable data and protection tools.
