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1. Which state in India signed an MoU with SBI General Insurance for Disaster Risk Management?
Nagaland and SBI General Insurance signed an MoU to implement the Disaster Risk Transfer Parametric Insurance Solution (DRTPS). This makes Nagaland the first state in India to adopt such a solution, which aims to protect critical infrastructure and mitigate economic losses from disasters, including floods, droughts, mudslides, and damage to property and crops. The agreement covers a three-year period from 2024 to 2027, highlighting the state’s proactive approach to disaster management.