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Question
The agriculture insurance company was launched with the help of ______.
The agriculture insurance company was launched with the help of ______.
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Solution
The correct option is C NABARD
Agriculture Insurance Company (AIC) was incorporated on December 20, 2002 with an authorised captital of Rs 1500 crores. The initial paid-up capital was Rs 200 crores, which was subscribed by promoting companies - General Insurance Corporation of India, NABARD, and the four public sector general insurance companies viz National Insurance Co Ltd, Oritental Insurance Co Ltd, New India Assurance Co Ltd and United India Insurance Co Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India.
Agriculture Insurance Company (AIC) was incorporated on December 20, 2002 with an authorised captital of Rs 1500 crores. The initial paid-up capital was Rs 200 crores, which was subscribed by promoting companies - General Insurance Corporation of India, NABARD, and the four public sector general insurance companies viz National Insurance Co Ltd, Oritental Insurance Co Ltd, New India Assurance Co Ltd and United India Insurance Co Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India.
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