The scheme was launched with two objectives, to provide protection to farmers and livestock farmers from loss due to animal deaths and to make people aware of the benefits of livestock insurance and popularize it with the ultimate goal of quality development of livestock and their products. Gaya.Under the scheme, indigenous / hybrid milch cattle and buffaloes are insured at their maximum current market price. The insurance premium is subsidized up to 50 percent. The entire cost of the grant is borne by the central government. The benefit of the grant is up to a maximum of two animals per beneficiary for a policy of three years. Most of the cattle rearers in our country are small or marginal class farmers. Animal husbandry is the main source of livelihood for them, they buy a good breed of milch animal by investing more money and in such a situation, if the animal dies accidentally, then they suffer a lot and it becomes difficult for them to raise their family. . Many times the animals become victims of premature death and their insurance is an economic loss to the cattle owner. In such a situation, animal insurance scheme is a boon for him.
Identification of insured animals :
The insured animal has to be identified in the right and unique manner at the time of claiming the sum insured. Therefore, ear marking should be protected in every possible way. Traditional marking or recent microchip technology should be used at the time of taking the policy. The cost of identification mark will be borne by the insurance company and the responsibility of its maintenance will be with the concerned beneficiaries. The nature of marking and its contents are selected with the consent of both the insurance company and the beneficiary.