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[BUSINESS] · India · 2 sources

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Livestock insurance schemes implemented in Rajasthan and Gujarat

State governments in Rajasthan and Gujarat are expanding livestock insurance coverage to provide financial security to animal herders.

In Rajasthan, the Mukhyamantri Mangla Pashu Bima Yojana has disbursed over 168.77 lakh rupees in insurance payments in the Sawai Madhopur district alone. According to Dr. Rajiv Garg, Joint Director of the Animal Husbandry Department, more than 26,278 livestock owners in the district have registered over 61,500 animals. The scheme aims to mitigate economic losses caused by natural disasters or sudden illnesses.

In Gujarat, the government has announced a target to cover one lakh animals under a livestock insurance assistance scheme by 2026-27. Under this initiative, which aligns with the central government’s National Livestock Mission, the state will bear 85 percent of the insurance premium. Livestock owners can secure coverage of up to 40,000 rupees for a single animal by paying a premium of 229 rupees. Minister Jitu Vaghani stated that families can insure a maximum of 10 large animals or 100 small animals. The central government has approved 250 lakh rupees for Gujarat under this scheme, with 115 lakh rupees already released as the first installment.

Entities

Gujarat government · Jitu Vaghani · National Livestock Mission · Rajasthan Government · Rajiv Garg