Livestock Insurance Scheme: Government to Give 75% on the Death of Your Animal; More Details Inside

In the times of rising inflation, animal husbandry has also become a challenge but the government is fully supporting the farmers to increase their income through animal husbandry. Now the good news is animals will also have life insurance & the insurance company will give compensation to the insured animals on any kind of animal loss.

The special thing is that an animal will be insured for three years, the government will give 75% of the premium amount as a grant to the insurance company. The cattle owner will get the benefit of insurance by depositing only 25% contribution in the premium of the insured animal. However, till now, if cattle cows, buffaloes, bulls or other small animals died of divine calamity or disease, there was no other way than to press them with satisfaction.

Even though the animals killed by the divine disaster would get compensation of Rs 3000-5000, but there was no benefit in stealing or dying sick. Since, in times of inflation, cow gets 40 thousand and buffalo fifty thousand. For this reason, the government has kept the same amount of insurance. Now in case of any loss in getting the above insurance, the claim will be given to the animal husbandry.

How to get your animal insurance?

Please note that, if you are an animal foster and want to insure your animal, then you have to go to the nearest veterinary center. The veterinary officer will come to your house & see your animal and decide the amount of insurance for it. After getting your consent on the sum assured, the veterinary officer will fill your form and take a photo of you with your animal.

After this, you will receive 25% of the premium from the insurance receipt. A special tag will be placed in your animal. So get your animal insurance now.

Livestock Insurance Scheme

This time the district has got a target of 700 animals under the Livestock Insurance Scheme, so that the animals can get the benefit of this scheme. This year only such animals will be insured. The goal will be met on the principle of first come first serve. Cattlemen can insure cow, buffalo, bull, donkey, horse, mule, etc. in large animals. Whereas small animals like goat, hen, etc. will be insured considering ten animals as one unit.

Livestock scheme has been started for the farmers. They have been given an opportunity to take advantage of this scheme. Any farmer who will insure his animal will have to pay the premium only once in three years. The farmer share in buffalo insurance is Rs 750, while in cows and other animals this amount is less as per RK Sharma, Chief Veterinary Officer.