The Livestock Insurance Scheme is a government initiative aimed at protecting farmers and livestock owners from financial losses due to the death of their animals. Under this scheme, farmers can insure high-value animals like cows, buffaloes, and other livestock by paying a small premium, which is partly subsidized by the government. If the insured animal dies due to illness, accident, or natural causes, the owner receives compensation based on the animal's market value. The scheme helps improve farmers economic security, encourages better animal care, and supports the growth of the livestock sector in rural areas.
JobExam
Indian No#1 Jobs & Education Website.