weather risk technology assistance for rural development weather risk management services pvt. ltd
Post on 21-Dec-2015
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Weather Risk
Agenda
●Next leap of rural economy●Enhance Productivity & Cultivability
●Role of Technology● Production technology● Knowledge input
●Enhance Market Access●Role of Technology
● Improve Processes● Remove information asymmetry and credibility
Weather Risk
Case of Khapa: A village in Betul (MP)
Current Status Potential Value that can be unlocked Restraining factors
Cultivable land utilization rate (in a season)
20% (Total land available for agriculture- 250 hectares)
100% (250 hectares)
A multiplier of 5 times Water, Technical know-how, Land development
Productivity 1150 kg/h – Wheat, 1250 kg/h, (Paddy, maize)
8000 kg/h – Wheat, 6000 kg/h (Paddy),6000 kg/h - garlic
An average multiplier of 4.5 times
Water, Technical know-how, risk management (uncontrollable contingencies)
No. of crops per year 2 3 1.5 times
Sale price Wheat:5Rs/kg Paddy:6 Rs/kg
Wheat: Rs 8 /kg; Rice:12 Rs. Per kg; garlic: 15 Rs. Per kg
An average multiplier of 1.5-2 times
Storage, transportation, market information
Value of agri –Production (in Rs mn)
Rs.0.6 mn Rs.52 mn 50-60 times
Enhancing Productivity and CultivabilityRole for Technology (soft and hard know-
how)
Weather Risk
WebWeb
National Krishi resources
National Krishi resources
RadioRadio
Study HallOr Sharamik
Bharti
Study HallOr Sharamik
Bharti
MobileMobile
DEAL INDIAInfo mediation ontology basedProcessing
DEAL INDIAInfo mediation ontology basedProcessing
International Agriculture
resources
International Agriculture
resources
KVK SAMETIKVK SAMETIICARICAR
Central Research Institutes
Central Research Institutes
OtherNGO’sOtherNGO’s
Deployment Partners
Deployment Partners
Ru
ral Citizen
TVTV
PerformancePerformance
Creating a Knowledge Grid for efficient distribution of soft-Know-how
• Essential features
•Exploit intra-community know-how
•Information to also flow out of the villages
Weather Risk
Requirements for Technology Delivery – Hard know-how (To be expanded)
●Corporate Farming●Rural Infrastructure projects
Weather Risk
Enhance Market Access
●Enable access to new markets●Technology Assistance to remove information
asymmetry and credibility issues●Examples from Insurance●Examples from Banking
●Improve Processes (To be expanded)
Weather Risk
Examples: Agriculture Insurance
●Weather Insurance●Indemnity of losses due to abnormal weather event, e.g.
excess/deficit rainfall, hail●Claims settled based on transparent weather data
recorded at meteorological stations●Expedites claim settlement
●Satellite Imagery based Insurance●Claims settled based on satellite based vegetative indices●Interim claim settlement
Weather Risk
Examples :Creating Real Time Data Network
● Covering important agricultural zones real time, at a cost of approx. Rs.500 per sq.km or Rs.1 pr ha
● Generation of Historical records for any given long.- lat. Position● Statistical & Neural Network
model ● Geographic Calibration
● Generating current weather data and forecast through the network of indigenous sensors
Processing of data received from sensors and converting it according to specific product
On Site wireless Sensors
Farmers Console (GIS)
Weather Risk
Health & Livestock Insurance
● Intricate sensors transmit information on possible irregularities in advance● Reduces overall cost
● Biometric sensors can transmit information on health parameters● Information can be relayed
through a GSM network
● Possible applications in settlement of livestock & Health claims
Weather Risk
Disaster Insurance
● Improved & Precise Cat Models ● From Earthquake Zones to now ZIP code based
modeling●Predicting Asset and post disaster economic losses due
to a model
●Agencies estimate losses post-disaster, based on models●Settlements based on these estimates, instead of time
consuming verification of actual losses
Weather Risk
Disaster Management
● Reconnaissance information relayed to ground control for post disaster missions
● Damage Assessment
● Aid to relief missions
● Establishment of airborne communication setup for inaccessible areas
● Cost Implications
Weather Risk
computer vision/aerial imaging
aerial image mosaicing
aerial image registration
Mosaic generated from images taken from UAV of IITK campus (Courtsey Aurora Integrated Systems)
Weather Risk
Requirements for Successful TA
●Should be linked to an appropriate business model●Recognize the S-curve issues in technology related
to financial markets●Pilots to be based on an average case scenario