Milch animals to be insured

Special Correspondent

Tiruchi district selected for implementation Livestock Insurance Scheme

TIRUCHI: Tiruchi district has been selected for the implementation Centrally-sponsored Livestock Insurance Scheme during the current financial year to encourage farmers to insure their milch cattle.

According to Animal Husbandry Department officials, the scheme is being implemented in five districts in Tamil Nadu including Tiruchi, Tirunelveli, Villupuram, Krishnagiri and Tiruvannamalai during this year. The scheme was being implemented on a pilot basis to encourage farmers to insure their cattle.

In Tiruchi district, nearly 44,000 cows and buffaloes would be insured under the subsidy-based scheme. The total cattle population in the district is estimated to be around 2.2 lakhs, of which about 60,000 to 65,000 would be milch animals. Farmers would get a subsidy of up to 50 per cent on the premium for the insurance cover. A farmer could avail the subsidy for insuring two animals under the scheme. The per day lactation of the animal should be at least 4.5 litres.

The Central government has released Rs.20 lakh to four public sector insurance companies towards the subsidy component of the premium. Milch animals would be insured based on the market value. The premium would be 2.59 per cent of the market value of the animal for insurance tenure of one year and five per cent for three-year tenure. For an animal with a market value of Rs.10,000, the premium for a single year would be around Rs.125 and it would be Rs.250 for a three-year policy. Full compensation would be paid immediately on the death of animals.

The insurance cover would be provided at no cost for the farmers as the examination, certification and tagging of the animals would be done by government veterinary doctors. The doctors’ fee would be borne by the government. The policy would be issued for individual animals enabling name transfer in case the owner opts to sell the animal.

According to officials, a large number of cattle belonging to members of the milk cooperative societies would be brought under the insurance cover utilising the scheme.

Farmers would be provided commission on enlisting cattle for coverage under the scheme.

The scheme was expected to be a boon to farmers, whose cattle provide them vital supplementary income, officials and farmers representatives said.

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