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10th April 2023 (6 Topics)

Livestock Insurance Scheme

Context

According to information by a Parliamentary Standing Committee (PSC) regarding zero insurance coverage of livestock in 2022-23, the Centre is considering a comprehensive livestock insurance scheme modelling the Prime Minister’s Fasal Bima Yojana.

The Livestock Numbers: 

India has rich Livestock resources which can be seen in the following manner:

  • World’s highest livestock owner at about 535.78 million
  • First in the total buffalo population in the world - 109.85 million buffaloes
  • Second in the population of goats - 148.88 million goats
  • Second largest poultry market in the world
  • The second largest producer of fish and also the second largest aquaculture nation in the world
  • Third in the population of sheep (74.26 million)
  • Fifth in the population of ducks and chickens (851.81 million)
  • Tenth in camel population in the world - 2.5 lakhs

Findings of the Parliamentary panel:

  • At present, less than 1% of the country’s cattle population is insured and the average yearly premium is 4.5% of the insured amount.
  • The report also highlighted that not even a single livestock was insured during 2022-23, whereas during 2021-22, 1, 74,061 animals were insured.
  • The Committee asked Department of Animal Husbandry to explore the possibility of developing an App-based Livestock Insurance facility for livestock owners.
  • Committee noted that high policy premium rates and general economic conditions of farmers are reasons for lower enrolment in such schemes.

About Livestock Insurance scheme:

  • The Livestock Insurance Scheme, a centrally sponsored scheme was implemented on a pilot basis during 2005-06 and 2006-07.
  • The scheme was later implemented on a regular basis from 2008-09 in 100 newly selected districts of the country.
  • The scheme was later subsumed under the Sub-mission on ‘Innovation and Extension: on livestock development of National Livestock Mission’.
  • Coverage: The scheme is implemented in all the districts of the Country from 21.05.2014.
  • Animals covered:
  • The indigenous/crossbred milch animals, pack animals (Horses, Donkey, Mules, Camels, Ponies and Cattle/Buffalo Males), and Other Livestock (Goat, Sheep, Pigs, Rabbit, Yak and Mithun etc.) are covered under the purview of this component.


Other related Initiatives:

  • Rashtriya Gokul Mission (RGM): To undertake a breed improvement programme for indigenous breeds so as to improve the genetic makeup and increase the stock.
  • E-Pashu Haat Portal: This portal connects breeders and farmers regarding the availability of quality bovine germplasm.
  • National Animal Disease Control Programme: It has been launched for Foot and Mouth Disease (FMD) and Brucellosis with a total outlay of Rs.13,343 crores to ensure 100% vaccination of cattle, buffalo, sheep, goat and pig population.
  • National Livestock Mission: IT is for the intensive development of livestock, tiny livestock along with adequate availability of quality feed and fodder.
  • LivestockHealth & Disease Control Scheme: Assistance is provided for the prevention and control of animal diseases like Foot and Mouth Disease (FMD) etc.
  • Disease Protection of Livestock: For livestock protection, the diagnostic kits against Japanese Encephalitis (JE) and Bluetongue (BT) diseases and Subviral Particle-based Infectious Bursal Disease Vaccine were developed.
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