Index-Based Agricultural Insurance. Indexbased insurance programs to protect private
sector participants such as farmers and rural
financial institutions against extreme weather. The
National Agricultural Insurance Scheme (covering
more than 20 million farmers) and the WeatherBased Crop Insurance Scheme (covering more
than 600,000 farmers) in India protect against
poor harvests caused by drought or frost. Similar
initiatives are ongoing in Malawi, Thailand, and
Central America.