New Delhi: State-owned Agriculture Insurance Company of India (AIC) has been conferred the 17th Impact Leadership Award 2026 in recognition of its outstanding contribution to agricultural resilience through innovative crop insurance solutions, effective risk management, and sustained efforts to safeguard farmers’ livelihoods while promoting sustainable agricultural development.
The prestigious award was presented to Dr. Lavanya Mundayur, Chairman and Managing Director (CMD), AIC, by Union Defence Minister Rajnath Singh during the Agriculture Leadership Conclave 2026, held in New Delhi on July 8–9.
Recognition for Strengthening Agricultural Resilience
The award acknowledges AIC’s significant role in strengthening India’s agricultural ecosystem by providing innovative crop insurance products, expanding financial protection for farmers, and enhancing resilience against climate and production risks.
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Over the years, the company has played a key role in supporting farmers through risk mitigation mechanisms that contribute to the long-term sustainability of Indian agriculture.
Award Selected by Eminent Jury
The awards were decided by a distinguished jury chaired by Justice P. Sathasivam, former Chief Justice of India and former Governor of Kerala.
The National Awards Committee, which met in New Delhi on June 15, unanimously selected Agriculture Insurance Company of India for this year’s honour.
The award ceremony was attended by several distinguished dignitaries, including:
- Rajnath Singh, Union Defence Minister
- Haribhau Kisanrao Bagde, Governor of Rajasthan
- Justice P. Sathasivam, Former Chief Justice of India and Former Governor of Kerala
- Dr. Lavanya Mundayur, CMD, Agriculture Insurance Company of India
About the Agriculture Leadership Awards
Instituted in 2008, the Agriculture Leadership Awards recognise individuals and organisations that have made exceptional contributions to the growth of Indian agriculture and rural prosperity.
The annual awards honour excellence across multiple sectors, including:
- Agriculture
- Horticulture
- Animal Sciences
- Rural Development
- Social Development
- Agricultural Innovation
The awards celebrate initiatives that have positively impacted millions of farmers and strengthened India’s agricultural economy.
Distinguished Previous Awardees
Over the years, the Agriculture Leadership Awards have recognised several eminent leaders and institutions, including:
- Eknath Shinde, Deputy Chief Minister of Maharashtra
- Nayab Singh Saini, Chief Minister of Haryana
- Akhilesh Yadav, Former Chief Minister of Uttar Pradesh
- Prem Kumar Dhumal, Former Chief Minister of Himachal Pradesh
- Ratan Tata, Former Chairman, Tata Sons
- Dr. M. S. Swaminathan, Father of India’s Green Revolution
- Dr. Verghese Kurien, Father of the White Revolution
- Balram Jakhar, Former Union Agriculture Minister
- Suresh Prabhu, Former Union Minister
The list also includes several internationally renowned personalities such as Kenneth Quinn, Islam Siddiqui, and Stoelinga.
AIC’s Role in Indian Agriculture
Agriculture Insurance Company of India continues to play a pivotal role in India’s agricultural risk management framework through its crop insurance programmes aimed at protecting farmers against production risks arising from natural calamities and adverse weather events.
The latest recognition reinforces the company’s contribution to strengthening agricultural resilience, improving farmers’ financial security, and supporting the country’s vision of sustainable and climate-resilient agriculture.
About AIC
The Agriculture Insurance Company of India Limited (AIC) is a leading public sector insurer established in 2002 to protect farmers from financial losses caused by natural disasters, pests, and severe weather. Headquartered in New Delhi and promoted by major financial institutions like NABARD and GIC, AIC administers India’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) alongside specialized weather-based and livestock insurance products.
By covering approximately 25 million farmers annually, it ranks as one of the largest agricultural insurers globally, helping stabilize the rural economy through structured risk management and crop loss compensation.
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