India Insures it's Cattle

INDIA - The Indian Government has decided to launch a cattle insurance programme aimed at extending support to farmers to insure their high quality milch cattle.
calendar icon 6 January 2009
clock icon 1 minute read

According to The Hindu, the programme will be implemented in 100 districts across the country on a pilot basis and eight districts from the State had been selected for implementation of the scheme.

The Government has sanctioned Rs. 250 million for the scheme to be implemented in Adilabad, Warangal, Khammam, Mahabubnagar, Sri Potti Sriramulu Nellore, Kurnool, Kadapa and Anantapur districts, reports The Hindu.

As part of the scheme, cattle owners can insure their animals for one or three year period with the Government subsidising half the premium. While claims for death of animals due to diseases or accidents would be reimbursed, the scheme envisages payment of Rs. 50,000 if one animal is insured and Rs. 100,000 in case of two in the event of the accidental death of the owner.

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