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Don’t miss the latest developments in business and finance.
Centre aims for low premium, coverage with new livestock insurance scheme
According to the parliamentary panel's reports, not even a single livestock was insured during 2022-23, whereas in 2021-22, 174,061 animals were insured
In a first, Centre planning a universal cattle insurance scheme
The scheme could be formalised on the lines of the Pradhan Mantri Fasal Bima Yojana (PMFBY), which is for the crop sector, sources said
Centre plans livestock insurance scheme on the lines of PM's Fasal Bima Yojana
Officials said the matter was discussed at a high-level meeting which was also attended by representatives from insurance companies