In a significant boost to the dairy farming sector, the Indian government has announced a new cattle insurance scheme, covering up to 75% of the insurance premium for livestock. This initiative aims to protect farmers from financial losses due to the death, illness, or theft of their cattle.
The scheme, which falls under the government’s larger Agricultural and Dairy Development Programs, is expected to reduce the economic burden on small and marginal farmers, helping them sustain their livelihood. If you own or plan to own dairy cattle, understanding how this scheme works can save you significant costs and provide peace of mind.
Also Check: How to Earn JioCoins? Check Jio Coin Price & Step-by-Step Guide for JioSphere Users!
Why This Scheme Matters for Dairy Farmers?
1. Financial Security for Farmers
Dairy farmers rely heavily on their cattle for their primary source of income. Losing a productive cow or buffalo can significantly impact their earnings. With 75% of the insurance premium covered, farmers only need to pay a fraction of the cost, ensuring they get adequate compensation if anything happens to their livestock.
2. Encouraging More Farmers to Take Up Dairy Farming
This initiative will encourage new farmers to enter the dairy industry, as it significantly lowers risks. With an insured cattle herd, even first-time dairy entrepreneurs can confidently invest in dairy farming.
3. Boosting India’s Dairy Production
India is already the largest producer of milk globally, contributing over 22% to the world’s milk production. By securing livestock through insurance, the government aims to increase production and improve milk quality by ensuring proper healthcare for cattle.
4. Additional Benefits of the Scheme
- Coverage for Artificial Insemination Failures: Some insurance plans under this scheme cover failed breeding attempts, reducing financial risks for farmers.
- Disease Outbreak Compensation: In cases of infectious disease outbreaks affecting multiple cattle, compensation schemes may provide added support.
- Support for Dairy Cooperatives: Dairy cooperatives enrolling in the scheme can ensure long-term stability for farmers associated with them.
How to Apply for the Cattle Insurance Scheme?
Farmers can avail of this scheme through both online and offline channels. Here’s how:
Online Application Process
- Visit the Official Portal: Go to the National Agricultural Insurance Portal.
- Register with Aadhaar & Farm Details: Provide Aadhaar number, land details, and cattle information.
- Select Insurance Plan: Choose from various plans offered by approved insurance providers.
- Make Partial Premium Payment: Pay your share of the premium (25%-50%, depending on state benefits).
- Get Policy Confirmation: Once registered, a digital insurance certificate will be provided.
Offline Application Process
- Visit the Nearest Veterinary or Agriculture Office.
- Fill the Application Form & Attach Required Documents.
- Make Payment for Your Premium Share.
- Receive Your Insurance Policy.
Documents Required for Registration
- Aadhaar Card (for identity verification)
- Cattle Health Certificate (issued by a veterinary doctor)
- Bank Account Details (for insurance claims payout)
- Land Ownership Proof (if applicable)
- Purchase Invoice or Existing Livestock Records
- Photograph of the Cattle (to prevent fraud claims)
Also Check: Get a 3KW Solar System for Just ₹999! Govt Offers ₹1,08,000 Subsidy – Check the Full Process
Challenges and Potential Solutions
1. Awareness Among Farmers
Many farmers remain unaware of the benefits of cattle insurance. The government should conduct awareness campaigns in rural areas to educate farmers.
2. Streamlining the Claim Process
Farmers often face delays in claim settlements. Introducing a digital claim tracking system can improve transparency and efficiency.
3. Preventing Fraudulent Claims
Strict veterinary verification and GPS tracking of cattle can help minimize fraudulent insurance claims.
(FAQs)
1. Who is eligible for this cattle insurance scheme?
All registered dairy farmers, cooperatives, self-help groups (SHGs), and individual cattle owners can apply for this scheme.
2. Does this scheme cover all types of cattle?
Yes, it covers cows, buffaloes, bulls, and other farm animals used in dairy farming.
3. How much of the insurance premium do I need to pay?
Farmers will need to pay only 25% of the total premium amount, as the government will cover 75%.
4. How will I receive my insurance claim?
In case of illness, death, or theft of insured cattle, farmers can claim compensation via their registered bank accounts.
Also Check: Radha Soami Beas Satsang Timing Changed! Check New Schedule Here
