Pashudhan Bima Yojana: Government provides 50% Compensation on sudden death of Animals.
3 December, 2021
Livestock Insurance Scheme
It is very important for a farmer to get his crops or animals insured. Farmers in India usually get their crops insured but forgot about their animals' insurance, which is equally important to prevent huge losses.
If a cow or buffalo dies then the farmer has to bear a huge loss. Keeping this in mind, the central has started Pashudhan Bima Yojana (Livestock Insurance Scheme) for the farmers. In this scheme, if the cattle of the registered farmer die, then they are given their value so that the loss can be compensated. In this scheme, the government provides up to 50% of the premium deposited in insurance for the animals. The indigenous/hybrid milch animals are insured on their market value under this scheme. The premium amount varies from state to state. In a state, both the center and the states together pay this amount.