Cabinet approves insurance scheme for 1 lakh cattle in Gujarat

In a significant decision taken in the interest of cattle rearers, the Gujarat government has approved an animal insurance scheme under the National Livestock Mission. Under this scheme, insurance cover will be provided to 1 lakh cattle in the state. According to a report by DeshGujarat, an insurance cover of up to ₹40,000 per animal will be available for one year, for which cattle rearers will have to pay a nominal premium of only ₹229.

During the cabinet briefing, Minister Jitu Vaghani stated that the state government will bear 85 percent of the insurance premium in this scheme, which is approximately ₹1,300 per animal, while the remaining 15 percent will have to be paid by the cattle rearers. The central government has approved an assistance of ₹2.50 crore for this project, and the first installment has also been received. The state government will contribute approximately ₹55 lakh to this scheme.

Currently, 87,147 applications have already been received on the i-Khedut portal. The minister has appealed to the remaining cattle rearers to apply as soon as possible, as a limit of 1 lakh cattle has been set for the current year. The main objective of this initiative is to protect cattle rearers against financial losses in unforeseen circumstances and to promote animal insurance.

The National Livestock Mission was an important scheme launched by the Government of India with the aim of developing the livestock sector and increasing the income of cattle rearers. Under this mission, various types of financial assistance and infrastructure facilities were provided to increase the productivity of animals and make the animal husbandry business more secure.