Climate Action That Pays: Innovative Insurance Securing Livelihoods in Bangladesh

Empowering Women and Farmers to Insure Their Livelihoods Against Climate Shocks

 

Kurigram is a northern district of Bangladesh and a severely climate-vulnerable area. Floods, river erosion, droughts, and lightning are common phenomena here.  The district experiences devastating floods – sometimes as many as five times in a single year. It washes out agricultural lands and damages crops, houses, and livestock – leaving a devastating aftermath on the communities.

The Local Government Initiative on Climate Change (LoGIC) project, a collaboration between the Government of Bangladesh, UNDP, UNCDF, Sweden, and Denmark, has introduced a financial shield here, known as “crop insurance.”

“I did not know that agricultural crops could be insured. I heard about this service for the first time from LoGIC Project”, says Meghna Khatun, cashier of Jugnidah Jalabayu O Jibika Unnayan Shomobay Shomity Ltd of Kurigram in Bangladesh.

 

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